Question
What is the maximum amount of accumulated earnings that a corporation is allowed to accumulate, without regard to business needs, before the accumulated earnings tax
What is the maximum amount of accumulated earnings that a corporation is allowed to accumulate, without regard to business needs, before the accumulated earnings tax is imposed?
| a. | $150,000 for nonservice corporations only | |
| b. | $150,000 for all corporations | |
| c. | $250,000 for nonservice corporations only | |
| d. | $250,000 for all corporations | |
| e. | None of these |
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Corporate Accounting Vol 1
Authors: Dr S. Kr. Paul, Prof. Chandrani Paul
1st Edition
164725146X, 9781647251468
