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Unformatted text preview: C Corporation Dividends Distributed $50,000 Tax Depreciation is $20,000 1. Are the dividends distributed from the C Corporation tax free to the shareholder? 2. Which of the following income/expenses are adjustments or book – tax differences? A) Meals and Entertainment B) Depreciation C) Tax-Exempt Interest Income 3.What is the C Corporation’s Taxable Income? 4. What is the C Corporation’s Federal Income Tax? 5. What is the C Corporation’s Book Income?...
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This note was uploaded on 04/18/2008 for the course MGMT 200T taught by Professor Purdum during the Fall '08 term at Purdue.
- Fall '08