Multiple Choice
Maize Corporation had $200,000 operating income and $90,000 operating expenses during the year.In addition,Maize had a $25,000 long-term capital gain and a $16,000 short-term capital loss.Compute Maize's taxable income for the year.
A) $91,000.
B) $94,000.
C) $110,000.
D) $119,000.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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