Solution-Calculate ilex corporations tax liability for 2018

Calculate ilex corporations tax liability for 2018

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Question

For its current tax year, Ilex Corporation has ordinary income of $260,000, a short-term capital loss of $60,000, and a long-term capital gain of $20,000.

Calculate Ilex Corporation's tax liability for 2018.

Reference no: EM132317568

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Calculate ilex corporations tax liability for 2018 : For its current tax year, Ilex Corporation has ordinary income of $260,000, a short-term capital loss of $60,000, and a long-term capital gain of $20,000.

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Calculate ilex corporations tax liability for 2018

Reference no: EM132317568

Reference no: EM132317568

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