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Corporate tax rates corporate capital gains and

Corporate Tax Rates, Corporate Capital Gains and Losses

For its current tax year, Ilex Corporation has ordinary income of $240,000, a short-term capital loss of $60,000, and a long-term capital gain of $20,000.

Calculate Ilex Corporation's tax liability for the current year.

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Accounting Basics: Corporate tax rates corporate capital gains and

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Accounting Basics: Corporate tax rates corporate capital gains and

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