Casey Corporation has three assets when it decides to liquidate: 
The corporation sells the stock for its fair market value and distributes the other two assets to its sole shareholder.What is its tax liability on its final tax return if it had $45,000 of income from operations prior to liquidating?
Definitions:
Intuitive Appeal
The natural attractiveness or persuasiveness of an idea or product based on its apparent simplicity or the ease with which it can be understood and appreciated.
Fortune 500
An annual list that ranks the 500 largest United States corporations by total revenue for their respective fiscal years.
Nonprofit Organizations
Entities that operate for the collective, public, or social benefit, rather than to make money for owners or investors.
Worker Autonomy
The degree to which employees have control over their own work and decision-making processes within their job roles.
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