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On 12/31/X4, Zoom, LLC reported a $45,000 loss on its books. The items included in the loss computation were $20,000 in sales revenue, $5,000 in
On 12/31/X4, Zoom, LLC reported a $45,000 loss on its books. The items included in the loss computation were $20,000 in sales revenue, $5,000 in qualified dividends, $12,000 in cost of goods sold, $40,000 charitable contribution, $10,000 in employee wages, and $8,000 of rent expense. How much ordinary business income (loss) will Zoom report on its X4 return? Multiple Choice ($10,000). ($80,000) ($45,000). ($8,000)
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