Since corporations are taxed at a flat rate of 21%. I answed the question with that calculation. Is that correct? Compute the income tax liability for each of the following unrelated calendar year C corporations. Since corporations are taxed at a flat rate of 21% Darter Corporation has taxable income of $68,000. 68000*.21=$14,280 Owl Corporation has taxable income of $10,800,000. 10,800,000*.21=2,268,000 Toucan Corporation, a personal service corporation, has taxable income of $170,000. 170,000*.21=$35,700

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