Raptor Corporation is a PHC for 2009 and reports $200,000 of taxable income on its federal income tax return.
What is Raptor's PHC tax, assuming that it does not pay any dividends?

Question

Raptor Corporation is a PHC for 2009 and reports $200,000 of taxable income on its federal income tax return.
  What is Raptor's PHC tax, assuming that it does not pay any dividends?

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The Answer of Raptor Corporation is a PHC for 2009 and reports $200,000 of taxable income on its federal income tax return.
  What is Raptor's PHC tax, assuming that it does not pay any dividends?

Raptor Corporation Is a PHC for 2009 and Reports $200,000