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TMZ Corporation has taxable income of $300,000. Of this amount 90% was earned in province. What is TMZ Corporation's federal tax payable for the year?
TMZ Corporation has taxable income of $300,000. Of this amount 90% was earned in province. What is TMZ Corporation's federal tax payable for the year?
A. $22,000
B. $48.000
C.$87.000
D.$52,500
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