Multiple Choice
Jason operates his business as a C Corporation.For the year, the business income is $120,000, business expenses are $20,000, and there is a $2,000 capital loss as a result of a stock sale.What is the C Corporation's taxable income for the year?
A) $120,000
B) $118,000
C) $100,000
D) $98,000
Correct Answer:
Verified
Correct Answer:
Verified
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