ABC Inc. pays its general manager an annual bonus of 6% of profit after deduction...
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Accounting
ABC Inc. pays its general manager an annual bonus of 6% of profit after deduction for both bonus and corporate income tax. For the year 2020, the company realized profit of 10 800,000 before said deductions. The income tax rate is 30%. What is the corporate income tax liability at December 31, 2020?
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