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What is the amount of the overall tax on jabar corps 255000

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Reference no: EM13591214

What is the amount of the overall tax on Jabar Corp.'s $255,000 prelease expense income if Jabar Corp. leases equipment from Abdul at a cost of $26,350 for the year but the IRS determines that the fair market value of the lease payments is $18,000 (Include the Medicare Contribution Tax on dividend and rental income.)?

Reference no: EM13591214

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