Ace Corporation incurred the following taxes for the current year: $$\begin{array} { l r }
\text { Regular tax liability } & \$ 187,000 \
\text { Tentative minimum tax } & 156,000 \
\text { Personal holding company tax } & 67,000 \
\text { Accumulated earnings tax } & 61,300
\end{array}$$ Ace Corporation's total tax liability is:

Question

Ace Corporation incurred the following taxes for the current year: $$\begin{array} { l r } 
\text { Regular tax liability } & \$ 187,000 \
\text { Tentative minimum tax } & 156,000 \
\text { Personal holding company tax } & 67,000 \
\text { Accumulated earnings tax } & 61,300
\end{array}$$ Ace Corporation's total tax liability is:

Quizplus · Accepted Answer

The Answer of Ace Corporation incurred the following taxes for the current year: $$\begin{array} { l r } 
\text { Regular tax liability } & \$ 187,000 \
\text { Tentative minimum tax } & 156,000 \
\text { Personal holding company tax } & 67,000 \
\text { Accumulated earnings tax } & 61,300
\end{array}$$ Ace Corporation's total tax liability is:

Ace Corporation Incurred the Following Taxes for the Current Year