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Parent Corporation's current - year taxable income included $ 3 3 5 , 8 0 0 net income from operations and a $ 3 3
Parent Corporation's currentyear taxable income included $ net income from operations and a $ net longterm capital gain.
Parent also made a $ charitable contribution. SubCo generated $ income from operations and incurred a $ shortterm
capital loss.
a How much is Parent's separate taxable income?
Parent's separate taxable income is $
b How much is SubCo's separate taxable income?
SubCo's separate taxable income is
c How much is consolidated taxable income?
The consolidated taxable income is $
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