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Determine the zippy chip taxable income

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Question - Zippy Chip, a C corporation, has $470,000 operating income and $290,000 operating expenses during the current year. In addition, Zippy Chip has a $10,000 long-term capital gain and a $17,000 short-term capital loss. Determine the Zippy Chip's taxable income?

Reference no: EM133168977

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