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On 12/31/X4, Zoom, LLC reported a $54,000 loss on its books. The items included in the loss computation were $26,000 in sales revenue, $11,000 in
On 12/31/X4, Zoom, LLC reported a $54,000 loss on its books. The items included in the loss computation were $26,000 in sales revenue, $11,000 in qualified dividends, $18,000 in cost of goods sold, $46,000 charitable contribution, $16,000 in employee wages, and $11,000 of rent expense. How much ordinary business income (loss) will Zoom report on its X4 return?
Multiple Choice
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($54,000).
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($8,000).
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($19,000).
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($89,000).
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