Calculate warrior corporations taxable income

Reference no: EM133611948

Question: Warrior Corporation had the following items of income and expense for 2022: Revenue 5,000,000 Dividend Income 100,000 Operating Expenses (Deductible) (2,000,000) Interest Expense (1,000,000) Charitable Contributions 1,000,000 Capital Loss (100,000) Additional Information: Warrior Corporation had a net operating loss carryforward into 2022 of 2,000,000 The dividend income is earned from companies in which Warrior owns less than 1%. A Calculate Warrior Corporation's taxable income, and income tax for 2022. B Are there any other tax consequences resulting from the above information, if so, what?

Reference no: EM133611948

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