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Income Taxes For its current tax year, Ilex Corporation has ordinary income of $250,000, a short-term capital loss of $20,000 and a long-term capital gain

Income Taxes

For its current tax year, Ilex Corporation has ordinary income of $250,000, a short-term capital loss of $20,000 and a long-term capital gain of $60,000.

Calculate Ilex Corporation's tax liability for 2020. $ fill in the blank

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