Question: Clover, Inc., has a 2 0 2 4 $ 5 0 , 0 0 0 long - term capital gain included in its $ 1
Clover, Inc., has a $ longterm capital gain included in its $ taxable income. Which of the following statements is true?
a Clover's regular tax on taxable income will be less than its tax using an alternative tax on net capital gain approach.
b Clover's $ net capital gain is not taxable.
c Clover's $ net capital gain will be taxed at the same rate as the rest of its taxable income.
d Clover will benefit from an alternative tax on net capital gains computation.
e Clover's regular tax on taxable income will be greater than its tax using an alternative tax on net capital gain approach.
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