Westwind Corporation reports the following results for the current year:

Gross profit on sales $150,000

Long-term capital gain 8000

Long-term capital loss 15000

Western's income tax liability ?

How would your answers to Part a change if Western'sshort-term capital loss is $5,000, instead of $2,000 ?

short-term capital loss is

$ 5 comma 000$5,000

instead of

$ 2 comma 000$2,000?

Short-term capital gain 10000

Short-term capital loss 2000

Operating expenses 61000

What are Westwind's taxable income and regular tax liability before credits for the current year?