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Corporation K, a subchapter of Corporation A, has $1,200,000 of net income for 2021. Corporation...

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Accounting

Corporation K, a subchapter of Corporation A, has $1,200,000 of net income for 2021. Corporation K distributed $500,000 in dividends and paid $200,000 in estimated tax payments. What is Corporation Ks federal tax liability for 2021?

a. $(53,000)

b. $52,000

c. $147,000

d. $252,000

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