On 12/31/X4, Zoom, LLC reported a $61,500 loss on its books. The items included in the loss computation were $31,000 in sales revenue, $16,000 in qualified dividends, $23,000 in cost of goods sold, $51,000 charitable contribution, $21,000 in employee wages, and $13,500 of rent expense. How much ordinary business income (loss) will Zoom report on its X4 return?

A. ($8,000).

B. ($26,500).

C. ($61,500).

D. ($96,500)

Answer rating: 100% (QA)

Business income loss will Z report on ... View the full answer