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For the 2022 tax year, Ilex Corporation has ordinary income of $200,000, a short-term capital loss of $30,000 and a long-term capital gain of $10,000.
For the 2022 tax year, Ilex Corporation has ordinary income of $200,000, a short-term capital loss of $30,000 and a long-term capital gain of $10,000.
Calculate Ilex Corporation's tax liability for 2022.
its not 21 percent
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