Pace corp also reports the following results for the

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Pace Corp. also reports the following results for the current year: Gross profit on sales $120,000 NOL carryover from two years ago $ 10,000 Short-term capital loss $ 5,000 Dividends from 15%-owned domestic corp. $ 30,000 Operating expenses $ 65,000 What are Pace's taxable income and income tax liability?

Reference no: EM13609346

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