In 2008,Fox Corporation had taxable income of $100,000,which included a long-term capital gain of $30,000.The maximum amount of tax applicable to the capital gain is $4,500 ($30,000 * 15%).

Question

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While the maximum rate on long-term capital gains of individuals is limited to 15%,there is no maximum rate applicable to long-term capital gains of C corporations.

In 2008,Fox Corporation Had Taxable Income of $100,000,which Included a Long-Term