Sunset Animal Clinic, Inc. has $120,000 of taxable income for this year and paid $20,000...
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Accounting
Sunset Animal Clinic, Inc. has $120,000 of taxable income for this year and paid $20,000 federal income tax on its taxable income. It has charitable contribution of $20,000 to be carry forwarded in next year. It also has dividend-receive deduction of $15,000 and net operating loss deduction of $18,000.
The accumulated earnings taxable income would be?
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