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Bizhelp, CPA
Category: Homework
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Experience:  Bachelors Degree and CPA with Accounting work experience
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the sapote corporation is a manufacturing corporation. The

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the sapote corporation is a manufacturing corporation. The corporation has accumulated earnings of $450,000 and the corporation cannot establish a reasonable business need for that amount. what is the amount of the accumulated earnings tax (if any) that will be imposed on the corporation
Submitted: 5 years ago.
Category: Homework
Expert:  Bizhelp replied 5 years ago.

Thanks for the question.

The accumulated earnings tax is 15% x $450,000 = $67,500.

Hope this helps!
Customer: replied 5 years ago.
this was a mulltiple choice question and the choices are 45,000, 30,000, 50,000 and 76,000
Expert:  Bizhelp replied 5 years ago.

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