Problemkyle corporation is owned 40 by maria b 30 by mal g, Ask an Expert

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Kyle Corporation is owned 40% by Maria B, 30% by Mal G, and 30% by 400 other investors. Kyle's sources of income are Dividends of $40,000, Interest of $30,000 Sales of Widgets of $30,000. Kyle's taxable income for 2016 was $42,000. Compute total federal tax liability for the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92724786

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