DEF Corporation and MNO Corporation Are Both C Corporations

question 8

True/False

DEF Corporation and MNO Corporation are both C corporations.To date,DEF has earned $100,000 of taxable income,and MNO has earned $500,000.Each corporation expects to earn another $100,000 of taxable income before year-end.MNO will pay more tax on its incremental $100,000 of taxable income than will MNO.

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