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What is the corporation tax liability

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Reference no: EM132702833

Problem - Ironwood Corporation has ordinary taxable income of $50,000 in 2018, and a long-term capital loss of $15,000. What is the corporation's tax liability for 2018?

a. $7,500

b. $5,250

c. $7,350

d. $10,500

e. None of the above

Reference no: EM132702833

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