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How much ordinary business income will zoom report

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Reference no: EM132990529

Problem 1: On 12/31/X4, Zoom, LLC reported a $55,500 loss on its books. The items included in the loss computation were $27,000 in sales revenue, $12,000 in qualified dividends, $19,000 in cost of goods sold, $47,000 charitable contribution, $17,000 in employee wages, and $11,500 of rent expense. How much ordinary business income (loss) will Zoom report on its X4 return?

Option 1: ($90,500).
Option 2: ($8,000).
Option 3: ($20,500).
Option 4: ($55,500).

Reference no: EM132990529

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