Robin Corporation Has Ordinary Income from Operations of $30,000,net Long-Term

question 21

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 2016?

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