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What is Weymouth taxable income

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Question - At year-end, Weymouth Corporation has taxable income from operations (before capital gains and losses) of $100,000, a long-term capital gain of $30,000, a short-term capital gain of $2,000, and a short-term capital loss of $15,000. What is Weymouth's taxable income?

a. $115,000

b. $117,000

c. $130,000

d. $132,000

Reference no: EM133075761

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