x is a publicly held corporation with a subsidiary, S, of whichX always has owned 100 percent of the outstanding stock. what isthe total tax liability for X and S under each of the followingsets of facts? in this problem, use all corporate tax ratebrackets.
a) X has taxable income of $2.2 million and S has no income.
b) X has taxable income of $2 million and S has taxable incomeof $200,000
c) same as b) above, but S distributed $100,000 to X as adividend.
d) same as c) above, but X has not always owned all of the stockof S, and the dividend is distributed out of earnings and profitsof a taxable year of S during which S and X were not members of thesame affiliated group.
e) same as c) above, but X ownes only 10 percent of the vote andvalue of S's stock at all times during the year.
f) same as c) above, but X and S file a consolidated return.
