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Marian, Inc., a calendar year corporation, reports the following items:

Marian, Inc., a calendar year corporation, reports the following items:

Taxable income
$200,000
Long-term capital gain (net of tax)
18,300
Federal income tax on LTCG
11,700
Dividends received deduction
18,000
Accumulated earnings credit
–0–
Federal income taxes
61,250
Dividends paid
78,450

The accumulated earnings tax is:
a.
$9,000.
b.
$60,000.
c.
$7,245.
d.
$0.

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