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Luden [163]
3 years ago
14

During 2019, Savannah Corporation, a calendar year C corporation, had operating income of $730,000, operating expenses of $400,0

00, a short-term capital loss of $30,000, and a long-term capital gain of $90,000. What is Savannah's tax liability for 2019?
Business
1 answer:
lesya692 [45]3 years ago
5 0

Answer:

$81,900

Explanation:

tax liability = (total income - total expenses + long term capital gains - short term capital gains) x tax rate

tax liability = ($730,000 - $400,000 + $90,000 - $30,000) x 21% (corporate tax established by TC&JA) = $390,000 x 21% = $81,900

Corporations pay the same tax rate for normal income or capital gains, unlike individuals who generally pay lower capital gains rates.

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Answer: The answer is a GPA and gender

Explanation:

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Data classification : This is the process of arranging data into classes based on their relationship to each other.It includes the grouping of the data in order to establish the basis of the proposed studies.

Data Analysis : This is the method of getting out the essential facts from the collected data.this can be achieved through the use of frequency distribution tables, measures of dispersion, percentages, correlation coefficient, t- test and so on

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3 years ago
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the answer is C

Explanation:

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