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Corporate Tax Rates (LO 11.1) Ironwood Corporation has ordinary taxable income of $50,000 in 2018, and a long-term capital loss of $15,000. What is the

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Corporate Tax Rates (LO 11.1) Ironwood Corporation has ordinary taxable income of $50,000 in 2018, and a long-term capital loss of $15,000. What is the corporation's tax liability for 2018? a. $5,250 b. $7,350 c. $7,500 d. $10,500 e. None of these choices are correct

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