Mathematics, 29.09.2019 03:20 alexabdercmur
in the current year, tanager corporation (a calendar year c corporation) had operating income of $480,000 and operating expenses of $390,000. in addition, tanager had a long-term capital gain of $55,000 and a short-term capital loss of $40,000.
a. compute tanager's taxable income and tax for the year.
taxable income: $
income tax: $
b. assume the same facts except that tanager's long-term capital gain was $15,000. compute tanager's taxable income and tax for the year.
taxable income: $
income tax: $
Answers: 2
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in the current year, tanager corporation (a calendar year c corporation) had operating income of $48...
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