Pest Corporation Total Reasonable Business Needs for 2022 was $290,000. Pest Corporation's Accu 2022 was $225,000 (including consideration for the Dividends listed below). Pest Corporation also had the following information for 2022: Regular Taxable Income $300,000; Federal Income Tax-$100,250; Dividends Received (less than twenty percent (20%) owned domestic corporation)-$70,000; Cash Dividends Paid in 2022-$15,000; Dividends Pald February 28, 2023-$10,000; Consent Dividends $5,000; Excess Charitable Contributions-$16,000; Net Capital Loss Adjustment-$8,000. The Accumulated Earnings Tax (Section 531) for Pest Corporation for 2022 is: O $51,381.00. O$25,950.00 O $45.533.50. O$52.395.00

Pest Corporation Total Reasonable Business Needs for 2022 was $290,000. Pest Corporation's Accu 2022 was $225,000 (including consideration for the Dividends listed below). Pest Corporation also had the following information for 2022: Regular Taxable Income $300,000; Federal Income Tax-$100,250; Dividends Received (less than twenty percent (20%) owned domestic corporation)-$70,000; Cash Dividends Paid in 2022-$15,000; Dividends Pald February 28, 2023-$10,000; Consent Dividends $5,000; Excess Charitable Contributions-$16,000; Net Capital Loss Adjustment-$8,000. The Accumulated Earnings Tax (Section 531) for Pest Corporation for 2022 is: O $51,381.00. O$25,950.00 O $45.533.50. O$52.395.00

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter3: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 51P

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