Whyley Corporation, a C corporation, has gross profits on sales of $50,000 and deductible expenses of $60,000.In addition, Whyley has a net capital gain of $30,000.Whyley's taxable income is:

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The Answer of Whyley Corporation, a C corporation, has gross profits on sales of $50,000 and deductible expenses of $60,000.In addition, Whyley has a net capital gain of $30,000.Whyley's taxable income is:

Whyley Corporation, a C Corporation, Has Gross Profits on Sales