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Tayla Corporation generated $340,000 of taxable income in the current year. What is Tayla's corporate tax liability? A. $119,000 B. $115,850 C. $115,600 D. $85,000

Tayla Corporation generated $340,000 of taxable income in the current year. What is Tayla's corporate tax liability?

A. $119,000

B. $115,850

C. $115,600

D. $85,000

E. None of the above

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