Multiple Choice
Zeron Inc. generated $1,349,600 ordinary income from operations this year. It also recognized $29,200 recaptured ordinary income, $21,000 net Section 1231 gain, and $14,900 net capital loss on the sale of assets. Compute Zeron's taxable income.
A) $1,349,000
B) $1,378,800
C) $1,384,900
D) $1,399,800
Correct Answer:
Verified
Correct Answer:
Verified
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