Campbell, Inc., a calendar year corporation that was created in February 2012, has gross receipts as follows: $$\begin{array} { l c }
\text { Year } & \text { Gross Receipts } \
2012 & \$ 2,990,220 \
2013 & 3,310,763 \
2014 & 4,885,027 \
2015 & 7,626,681 \
2016 & 9,120,132
\end{array}$$ Does Campbell qualify for the small corporation exemption for each year (2012 through 2017)?

Question

Campbell, Inc., a calendar year corporation that was created in February 2012, has gross receipts as follows: $$\begin{array} { l c } 
\text { Year } & \text { Gross Receipts } \
2012 & \$ 2,990,220 \
2013 & 3,310,763 \
2014 & 4,885,027 \
2015 & 7,626,681 \
2016 & 9,120,132
\end{array}$$ Does Campbell qualify for the small corporation exemption for each year (2012 through 2017)?

Quizplus · Accepted Answer

The Answer of Campbell, Inc., a calendar year corporation that was created in February 2012, has gross receipts as follows: $$\begin{array} { l c } 
\text { Year } & \text { Gross Receipts } \
2012 & \$ 2,990,220 \
2013 & 3,310,763 \
2014 & 4,885,027 \
2015 & 7,626,681 \
2016 & 9,120,132
\end{array}$$ Does Campbell qualify for the small corporation exemption for each year (2012 through 2017)?

Campbell, Inc Does Campbell Qualify for the Small Corporation Exemption for Each