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21 Question 21 (1 point) Clawson company has ordinary business income of $250,000. In addition, Clawson sold some stock it owned for investment purposes in
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Question 21 (1 point) Clawson company has ordinary business income of $250,000. In addition, Clawson sold some stock it owned for investment purposes in two other businesses. One of the stock sales generated a gain of $10,000 but the other sale generated a loss of $20,000 What is Clawson's net taxable income after considering all of these items? $250.000 $240,000 $247.000 some other amount Question 22 (1 point) Ellen is in the 32% marginal tax bracket when considering other income. In addition to that income, she sold machinery used in her sole proprietorship business this year Step by Step Solution
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