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Two unrelated, calendar year C corporations have the following taxable income for the current year: Magenta Corporation is a qualified personal service corporation. Based on these facts, their corporate tax liability is:
Hypotheses
Proposed explanations made on the basis of limited evidence as a starting point for further investigation.
Independent
Not influenced by or connected to others; self-sufficient or autonomous in relation to external conditions or influences.
Dependent
Reliant on something else for support, sustenance, or supply.
Explanation
The act of making something clear or understandable by providing information or reasons.
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