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QUESTION
orporate Tax Rates, Corporate Capital Gains and Losses (LO 11.1, 11.
orporate Tax Rates, Corporate Capital Gains and Losses (LO 11.1, 11.2)
For its current tax year, Ilex Corporation has ordinary income of $260,000, a short-term capital loss of $60,000, and a long-term capital gain of $20,000.
Calculate Ilex Corporation's tax liability for 2018.
$
