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Question 2 (3 points) If the Bey Hall Company, a C corporation, has the following income and expense items, how i Federal Income Tax will
Question 2 (3 points) If the Bey Hall Company, a C corporation, has the following income and expense items, how i Federal Income Tax will the corporation pay? Sales Revenue Long Term Capital Gain Dividends from Microsoft Stock Cost of Goods Sold Meals Premiums for life insurance on a key employee All other operating expenses Dividends paid to Bey Hall shareholders $1,000,000 100,000 10,000 700,000 10,000 10,000 93.000 7,000 A . O$65,520 0 $64,470 $61,950 0 $63,000 O None of the above
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