Corporations face the following tax schedule:
Company Z has $80,000 of taxable income from its operations,$5,000 of interest income,and $30,000 of dividend income from preferred stock it holds in other corporations.What is Company Z's tax liability?
A) $17,328
B) $18,240
C) $19,200
D) $20,210
E) $21,221
Correct Answer:
Verified
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