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Question 4 1 points Save Answer Genius incorporated became so successful and profitable that on the advice of their accounting firm they decided to
Question 4 1 points Save Answer Genius incorporated became so successful and profitable that on the advice of their accounting firm they decided to use a holding company when branching off certain services. The active business income for each company in the Holding Company's first full fiscal year was $400,000 for Genius Incorporated $200,000 for the holding company How much of the Active Business Income is eligible for the preferential tax rates of the small business amount? a. $0 b. $600,000 $500,000 d. $400,000 prevents changes to this answer. Question 4 of 25
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