A C$-$corporation has gross receipts of $$150,000,$ $$35,000$ of other income, and deductible expenses of

$$95,000.$ In addition, the corporation incurred a net long$-$term capital loss of $$25,000$ in the current year.

What is the corporations taxable income?

  

Answer rating: 100% (QA)

To calculate the taxable income for the C corporatio... View the full answer