LNS Corporation reports revenues of $2,310,000. Included in the $2,310,000 is $37,000 of tax-exempt interest income. LNS reports $2,062,500 in ordinary and necessary business expenses. What is LNS corporation's taxable income for the year? Taxable income In 2019 Hill Corporation reported a net operating loss of $14,700 that it carried forward to 2020. In 2019 Hill also reported a net capital loss of $7,700 that it carried forward to 2020. In 2020, ignoring any carryovers from other years, Hill reported a loss for tax purposes of $72,250. The current-year loss includes a $13,800 net capital gain. What is Hill's 2020 net operating loss? 2020 Net operating loss In year 1 (the current year), LAA Inc. made a charitable donation of $118,500 to the American Red Cross (a qualifying charity). For the year, LAA reported taxable income of $632,000, which included a $118,500 charitable contribution deduction (before limitation), a $71,750 dividends received deduction, and a $16,100 net operating loss carryover from year 0. What is LAA Inc.'s charitable contribution deduction for year 1? Charitable contribution deduction for year 1 Required information [The following information applies to the questions displayed below.) Riverbend Inc. received a $335,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,700,000 before deducting the dividends received deduction (DRD), a $75,500 NOL carryover, and a $121,000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) c. What is Riverbend's DRD assuming it owns 44 percent of Hobble Corporation? DRD