Violet,Inc

question 49

Multiple Choice

Violet,Inc.,has a 2013 $80,000 long-term capital gain included in its $285,000 taxable income.Which of the following is correct?

• A)Violet will benefit from an alternative tax on net capital gains computation.
• B)Violet's regular tax on taxable income will be the same as its tax using an alternative tax on net capital gains approach.
• C)Violet's $80,000 net capital gain is not taxable.
• D)Violet's regular tax on taxable income will be greater than its tax using an alternative tax on net capital gain approach.
• E)None of the above.

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Definitions:

Allergies

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Stroke

A medical condition that occurs when the blood supply to part of the brain is interrupted, leading to brain damage and loss of function.