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The following independent cases are given for the Texas Corporation: Texas Corporation: Income from Case Operations STCG (NSTCL) NLTCG (NLTCL) A $ 160,000 $ 36,000

The following independent cases are given for the Texas Corporation:

Texas Corporation:

Income from

Case

Operations

STCG (NSTCL)

NLTCG (NLTCL)

A

$

160,000

$

36,000

$

40,000

B

105,000

(47,000)

57,000

C

90,000

(29,000)

17,000

D

140,000

(20,000)

(11,000)

Coporate taxable income

Case A

Case B

Case C

Case D

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