eBook Calculator Problem 11-3 Corporate Tax Rates, Corporate Capital Gains and Losses (LO 11.1, 11.2) capital gain of $20,000. For its current tax year, llex Corporation has ordinary income of $260,000, a short-term capital loss of $60,000, and a long term Calculate llex Corporation's tax liability for the current year Click here to access the tax schedule. eBook Calculator Problem 11-3 Corporate Tax Rates, Corporate Capital Gains and Losses (LO 11.1, 11.2) capital gain of $20,000. For its current tax year, llex Corporation has ordinary income of $260,000, a short-term capital loss of $60,000, and a long term Calculate llex Corporation's tax liability for the current year Click here to access the tax schedule