Violet, Inc

question 25

Multiple Choice

Violet, Inc., has a 2017 $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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