Royce Corporation reports the following routs for the current year (Click on the loon to view the results for the current year) Requirement What are Royo's taxable income and income tax Habilly? Begin by computing Royce's taxable income before special deductions, then calculate the taxable income. (Enter the special deductions in the specific sequence dictated by the taxes Data table $ Gross income Minus Taxable income before special deductions Minus Gross profits on sales Shontem capital gain Long tom capital gain Dividends from 25%-owned domestie corporation NOL catryover from the preceding tax year Operating expenses 77.000 50,000 15.000 25.000 0.000 110,000 Taxable income Now.compute Royce's income tax billy (Round your answer to the nearest whole dollar) Royo's income tax lability is Print Done Royce Corporation reports the following results for the current year. IF (Click on the icon to view the results for the Previous question Requirement What are Royce's taxable income and income tax liability? Begin by computing Royce's taxable income before special deductions, then calculate the taxable incomo. (Enter the special deductions in the specific sequence dictated Data table Gross incomo $ 77,000 50,000 15,000 Minus: Taxable income before special deductions Minus: Capital gain not income Taxable income Now.computo Royoo's income tax liability. (Round your answer to the nearont Royce's income tax liability is Gross profits on sales Short-term capital gain Long-term capital gain Dividends from 25%-owned domestic corporation NOL carryover from the preceding tax year Operating expenses 25,000 5,000 110,000 Print Done Royce Corporation reports the following routs for the current year (Click on the loon to view the results for the current year) Requirement What are Royo's taxable income and income tax Habilly? Begin by computing Royce's taxable income before special deductions, then calculate the taxable income. (Enter the special deductions in the specific sequence dictated by the taxes Data table $ Gross income Minus Taxable income before special deductions Minus Gross profits on sales Shontem capital gain Long tom capital gain Dividends from 25%-owned domestie corporation NOL catryover from the preceding tax year Operating expenses 77.000 50,000 15.000 25.000 0.000 110,000 Taxable income Now.compute Royce's income tax billy (Round your answer to the nearest whole dollar) Royo's income tax lability is Print Done Royce Corporation reports the following results for the current year. IF (Click on the icon to view the results for the Previous question Requirement What are Royce's taxable income and income tax liability? Begin by computing Royce's taxable income before special deductions, then calculate the taxable incomo. (Enter the special deductions in the specific sequence dictated Data table Gross incomo $ 77,000 50,000 15,000 Minus: Taxable income before special deductions Minus: Capital gain not income Taxable income Now.computo Royoo's income tax liability. (Round your answer to the nearont Royce's income tax liability is Gross profits on sales Short-term capital gain Long-term capital gain Dividends from 25%-owned domestic corporation NOL carryover from the preceding tax year Operating expenses 25,000 5,000 110,000 Print Done
