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Everest Inc

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Everest Inc.reports taxable income of $900,000 before considering sales of stock.Everest Inc.sold two stockholdings this year,resulting in a long-term capital gain of $15,000 on stock A and a short-term capital loss of $5,000 on stock B.What is the extra tax that Everest will pay due to the sales of these stocks?

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Definitions:

Corporate Merger

The process by which two or more companies join together to form a single company, often to achieve economies of scale, expand market share, or reduce competition.

Conglomerate Merger

A combination of two or more corporations engaged in entirely different business activities, coming together to form a single corporate structure.

Integrated Merger

A merger between companies at different stages in the production process of a particular industry, often aimed at reducing costs or securing supplies.

Vertical Merger

A merger between two or more companies operating at different stages in the production process of a good or service.

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