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Sunset Animal Clinic, Inc. had $220,000 in accumulated earnings last year. This year it has $100,000 of taxable income, paid $21,000 in taxes, and can
Sunset Animal Clinic, Inc. had $220,000 in accumulated earnings last year. This year it has $100,000 of taxable income, paid $21,000 in taxes, and can demonstrate $210,000 of business needs. The accumulated earnings tax, if assessed, would be:
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