What are ropers taxable income and income tax liability


Roper Corporation reports the following results for the current year gross profit on sales 80k short term capital gain 40k long term capital gain 25k dividens from 25% owned domestic corporation 15k NOL carrover from the preceding tax year 9k operating expenses 45k What are Ropers taxable income and income tax liability assuming qualified production activities income is 35k?

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Accounting Basics: What are ropers taxable income and income tax liability
Reference No:- TGS0713948

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