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For the year ended June 30, 2019, the Rosaceae Corporation, a regular C corporation, has a long-term capital loss of $25,000. 1. Assuming that in

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For the year ended June 30, 2019, the Rosaceae Corporation, a regular C corporation, has a long-term capital loss of $25,000. 1. Assuming that in addition to the capital loss, the corporation has taxable income, before capital gains and losses, of $25,000 for 2019, calculate the corporation's tax liability before any credits. Assuming that in addition to the long-term capital loss of $25,000 the corporation has taxable income, before capital gains and losses, of $90,000 and a short-term capital gain of $10,000 for 2019. calculate the corporation's tax liability before any credits

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