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Corporate Tax Computation. T Corporation had the following items of income for its 2021 calendar year: Net income from operations Dividends received (from less than
Corporate Tax Computation. T Corporation had the following items of income for its 2021 calendar year: Net income from operations Dividends received (from less than 20% owned corporations). Charitable contributions.... Net operating loss carryover from 2020 Long-term capital gains. Long-term capital losses Short-term capital gains. Capital loss carryover from 2020. $150,000 10,000 30,000 30,000 8,000 6,000 3,000 9,000 a. Compute T Corporation's 2021 income tax liability before credits or prepayments. b. What are the nature and amount of any carryovers to 2022
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