Question 23

the 2018 COnm taxable income of $150,000 for 2018. What is L Corporation's 2018 income tax liahie income or prepayments? 9.23 Computation of Corporate Tax Liability. L Corporation had lav 19-24 Corporate Tax Computation. X Corporation had the following items of ine its calendar year 2018: Net income from operations . .. . .. . . . . . . . . . . . . .. . . . Dividends received (subject to 50% rules) . . . . . . . . . . . . . . . . . . . . . 11,000 28,000