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Author Question: A corporation has the following capital gains and losses during the current year: The tax result to ... (Read 38 times)

Kthamas

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Question 1

Trestle Corp. received $100,000 of dividend income from minor holdings (less than 20%) in U.S. publicly-traded corporations. Determine the allowable dividend-received deduction under the following assumptions of net income from operations:



Question 2

A corporation has the following capital gains and losses during the current year:



The tax result to the corporation is
◦ $10,000 NLTCG included in gross income and taxed at ordinary rates; $4,000 NSTCG included in gross income and taxed at reduced rates.
◦ $14,000 included in gross income and taxed at reduced rates.
◦ $14,000 included in gross income and taxed at ordinary rates.
◦ $10,000 NLTCG is included in gross income and taxed at reduced rates; and $4,000 NSTCG included in gross income and taxed at ordinary rates.


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Marked as best answer by Kthamas on Sep 13, 2020

quynhmickitran

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Kthamas

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Reply 2 on: Sep 13, 2020
Excellent


essyface1

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Reply 3 on: Yesterday
Gracias!

 

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