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please help! Please show how to get the CORRECT income tax, thank you in advance! The following information was taken from the records of Tamarisk
please help! Please show how to get the CORRECT income tax, thank you in advance!
The following information was taken from the records of Tamarisk Inc. for the year 2025: Income tax applicable to income from continuing operations $229,840; income tax applicable to loss on discontinued operations $34,000; income tax applicable to unusual gain $44,200; income tax applicable to unusual loss $28,900; and unrealized holding gain on available-for-sale securities, net of taxes, $20,000. Shares outstanding during 2025 were 100,000Step by Step Solution
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