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

question 155

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 2018?

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

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