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During the current year, Acme Corporation, a C corporation, had operating income of $435,000, operating expenses of $290,000, a short-term capital loss of $20,000, and
During the current year, Acme Corporation, a C corporation, had operating income of $435,000, operating expenses of $290,000, a short-term capital loss of $20,000, and a long-term capital gain of $35,000. What is Acme's income tax liability for the year? $33,600$62,400$32,700$45,650
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