Ohio Corporation's Taxable Income for the Current Year Is $300,000

question 17

Multiple Choice

Ohio Corporation's taxable income for the current year is $300,000.Its tax liability is

• A)$78,000.
• B)$100,250.
• C)$102,000.
• D)$117,000.

---

Definitions:

Appellant

A party who appeals a lower court's decision, seeking a higher court's review.

Respondent

The party against whom a legal action is taken or who replies to a claim in a court process.

Expert Witness

A specialist in a particular field who is called upon to provide informed testimony in court cases to assist in reaching a decision.

Opinion Evidence

Testimony in court of what the witness thinks, believes, or infers in regard to facts in dispute, as distinct from personal knowledge of the facts themselves.