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I need the computation for the following question: 17. Ironwood Corporation has ordinary taxable income of $40,000 for calendar- year 2012, and a long-term capital

I need the computation for the following question:

17. Ironwood Corporation has ordinary taxable income of $40,000 for calendar- year 2012, and a long-term capital loss of $20,000. What is the corporations tax liability for 2012?

a. $ 4,500

b. $ 6,000

c. $ 7,500

d. $ 10,000

e. None of the above

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