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In each of the following independent situations, determine the corporation's income tax liability.

In each of the following independent situations, determine the corporation’s income tax liability. Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2010.
Taxable income
Purple Corporation $65,000
Azul Corporation 210,000
Pink Corporation 335,000
Turquoise Corporation 5,100,000
Teal Corporation 19,500,000

This question was asked on Jan 21, 2013.

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