A corporation has income of ($ 80,000) from operations, a ($ 12,000) short-term capital gain, and a
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A corporation has income of \(\$ 80,000\) from operations, a \(\$ 12,000\) short-term capital gain, and a \(\$ 16,000\) long-term capital loss. What is the corporation's taxable income for the year?
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Related Book For
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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