The following information is available from the books of ABC Corporation. Determine what taxable income should be reported on Form 1120 Federal income tax accrued for the tax year Net income per books, after tax Life insurance premiums (not deductible on return) Tax exempt interest income $ 55,000 148,000 17,000 15,000 OA. S220.000 O B. $201,000 OC. $150,000 OD. $205,000 Which one of the following laws addresses the issue of insider trading? A. OB. OC. OD. Federal Trade Commission Act Securities Exchange Act North American Free Trade Agreement Clayton Act Maria, a single taxpayer, had losses totaling $30,000 from a rental real estate activity in which she actively participated Maria also had $15,000 of income from another rental real estate activity in which she actively participated. She acquired both investments in the current year lf Maria has no other passive income and adjusted gross income before passive losses of S70,000, how much loss from rental activities can she use to offset her portfolio and active income? OA. S0 B. Oc. OD, $25,000 $30,000 $15,000