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3. In the current year, Tiger Corporation (a calendar year C corporation) had operating income of $480,000 and operating expenses of $390,000. In addition, Tiger

3. In the current year, Tiger Corporation (a calendar year C corporation) had operating income of $480,000 and operating expenses of $390,000. In addition, Tiger had a long-term capital gain of $75,000 and a short-tem capital loss of $90,000. a. Compute Tiger's taxable income and tax for the year. Show all calculations

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