8) For 2021 JSA, Inc. had book income of $120,000 and taxable income of $125,000. Compute JSA Inc.s tax liability for 2021.

a) $26,250 b) $25,200 c) $25,000 d) $27,300

4. Green Clean, Inc. began business 1/1/19. It reported a net capital loss of $5,000 in Year 2021. It reported net capital gains of $26,000 in Year 2019 and a net capital loss of $10,000 in 2020. What is the amount of the Capital Loss carryforward into Year 2022?

a) $11,000 b) $5,000 c) $10,000 d) $0