Robin Corporation Has Ordinary Income from Operations of $30,000, Net

question 124

Multiple Choice

Robin Corporation has ordinary income from operations of $30,000, net long-term capital gain of $10,000, and net short-term capital loss of $15,000.What is the taxable income for 2012?

• A)$25,000.
• B)$27,000.
• C)$28,500.
• D)$30,000.
• E)None of the above.

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