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For the current year, Sun Corporation had operating income of $80,000, exclusive of the following capital gains and losses: Long-term capital gain $14,000 Short-term capital
For the current year, Sun Corporation had operating income of $80,000, exclusive of the following capital gains and losses: Long-term capital gain $14,000 Short-term capital gain 6,000 Long-term capital loss (2,000) Short-term capital loss (8,000) What is Sun's income tax liability for the current year
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