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If a Corporation Reports Both a NLTCG and a NSTCG

question 71

True/False

If a corporation reports both a NLTCG and a NSTCG after netting all capital gains and losses,both the NLTCG and the NSTCG are subject to tax at rates applicable to ordinary income.


Definitions:

Industrialized Nation

A country characterized by a developed economy with a significant industrial base.

Japan

A sovereign nation in East Asia, known for its rich cultural heritage, advanced technology, and strong economy.

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