Forward Inc

question 95

Multiple Choice

Forward Inc.'s book income of $739,000 includes a net long-term capital loss of $42,000 and charitable contribution of $170,000. Taxable income shown on the Schedule M-1 would be:

• A) $855,900
• B) $951,000
• C) $781,000
• D) $909,000

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Single parent

An individual who raises a child or children without the assistance of a partner, typically in a sole caretaker role.

Store manager

An individual responsible for overseeing the daily operations of a store, including managing employees, ensuring customer satisfaction, and meeting sales targets.

Equal Employment Opportunity Commission

A federal agency tasked with enforcing laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex (including pregnancy, transgender status, and sexual orientation), national origin, age (40 or older), disability or genetic information.