Rd corporation and white corporation both calendar year c

Reference no: EM13605940

Red Corporation and White Corporation, both calendar year C corporations, are members of a controlled group of corporations. For 2012, Red has taxable income of $130,000, and White has taxable income of $200,000. Assuming that the controlled group does not make an election regarding the apportionment of the marginal tax brackets, what is the income tax liability for each of the corporations?.

Reference no: EM13605940

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