Question 2 Pt. 2

Zion Corporation reporis the following results for the current year Vew the resulls for the current yoat. The charitable contribution is TUV Corporation stock worth $21,000, purchased two years ago for $19,000. In addition, Zion has a $13,000 net operating loss (NOL) carryover from the preceding tax yoar. Read the requirements. Requirement a. What is Zion's taxable income for the current year? Begin by computing Zon's taxable income betoro special deductions Current Year Results c sequence dictate iryover from the preceding tax year. ead the requirements Requirements quirement a. a. What is Zion's taxable income for the current year? b. What carryovers are available to other tax years? xable income before special deductions