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T Corporation begin business May 1 , 2 0 2 3 and elected to end its tax year December 3 1 . The corporation s

T Corporation begin business May

1, 2023

and elected to end its tax year December

31 .

The corporation

s taxable income for the short period May

1, 2023

through December

31, 2023

was $

60, 000

and its Federal income tax for the short period will be $

12, 600 .

True

False

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