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TARGET COMPANY , AN S CORPORATION WITH A POSITIVE E AND P BALANCE REPORTS GROSS RECEIPTS FOR THE YEAR TOTALLING $400,000.00 ( OF WHICH $200,000

TARGET COMPANY , AN S CORPORATION WITH A POSITIVE E AND P BALANCE REPORTS GROSS RECEIPTS FOR THE YEAR TOTALLING $400,000.00 ( OF WHICH $200,000 IS EXPENDITURES DIRECTLY CONNECTED TO THE PRODUCTION OF TOTALS $80,000.

COMPUTE TARGET COMPANY'S TAX?

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