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How much is Jay income tax liability for the year

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Question - During the current year, Jay Corporation, a calendar year personal service C Corporation, had operating income of $300,000, operating expenses of $200,000, a short-term capital gain of $5,000, and a long-term capital loss of $35,000. How much is Jay's income tax liability for the year?

a. $14,700.

b. $21,000.

c. $22,250.

d. $35,000.

e. None of these.

Reference no: EM132523885

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