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The following information is from Robin Hood Inc. Advertising Expenses $ (400,000) Capital Gains $ 150,000 Capital Losses (this year) $ (200,000) Capital Losses (prior
The following information is from Robin Hood Inc.
Advertising Expenses $ (400,000)
Capital Gains $ 150,000
Capital Losses (this year) $ (200,000)
Capital Losses (prior year) $ -
Cost of Goods Sold $ (4,000,000)
Dividend "A" income $ 200,000
Dividend "B" income $ 100,000
Dividend "C" income $ 50,000
General and Admin Expenses $ (1,300,000)
Interest Expense $ (500,000)
Sales $9,000,000
1. How much of Robin's capital gains will be taxable this year?
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