Question: Schatz Comporation generated $ 8 , 0 8 3 , 0 0 0 ordinary business income and recognized a $ 7 3 , 9 0

Schatz Comporation generated $8,083,000 ordinary business income and recognized a $73,900 net capitat gath on the nate it anhets. Whith of the following statements is true?
Multiple Choice
Schatz must pay tax at the regular corporate rate on $8,156,900 taxable income.
Schatz must pay tax at the regular corporate rate on $8,083,000 taxable income. The $73,900 capital gain is eligible for a preferential tax rate.
Schatz's net capital gain results in a permanent book/tax difference.
None of these choices are true.
Schatz Comporation generated $ 8 , 0 8 3 , 0 0 0

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