What Is the Maximum Amount of Accumulated Earnings That a Corporation

question 26

Multiple Choice

What is the maximum amount of accumulated earnings that a corporation is allowed to accumulate, without regard to business needs, before the accumulated earnings tax is imposed?

• A)$150,000 for all corporations
• B)$150,000 for nonservice corporations only
• C)$250,000 for all corporations
• D)$250,000 for nonservice corporations only
• E)None of the above

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Definitions:

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