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3. The accumulated earnings tax is imposed at what rate? A) 10% B) 20% C) 15%...

3. The accumulated earnings tax is imposed at what rate?

A) 10%

B) 20%

C) 15%

D) 35%

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Answer #1

Answer- The accumulated earnings tax is imposed at 20% rate (Option B).

Explanation- Accumulated earnings tax is levied on corporation for unreasonably accumulated earnings and this tax is addition to the regular company income tax.

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