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Almond Corporation has ordinary income from operations of $90,000, net long-term capital gain of $60,000, and net short-term capital loss of $65,000. What is the
Almond Corporation has ordinary income from operations of $90,000, net long-term capital gain of $60,000, and net short-term capital loss of $65,000. What is the taxable income for 2013?
Select one:
a. $85,000.
b. $87,000.
c. $90,000.
d. $150,000.
e. None of the choices
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