For 2013,Plover Corporation,a calendar year taxpayer,had net income per books (after tax)of $75,250.Other transactions having a tax effect include:
$\begin{array} { l }
\text {Income tax liability }&\$22,250\
\text {Interest on tax-exempt bonds }&10,000\
\text {Excess capital losses }&1,500\
\text { Excess charitable contributions}&5,000\
\text {(not deductible due to the $ 10 \% $ limit) }&\
\text {What is Plover Corporation's taxable income for $ 2013 ? $ }&\
\end{array}$

Question

For 2013,Plover Corporation,a calendar year taxpayer,had net income per books (after tax)of $75,250.Other transactions having a tax effect include:
 $\begin{array} { l  } 
 \text {Income tax liability }&\$22,250\
 \text {Interest on tax-exempt bonds }&10,000\
 \text {Excess capital losses }&1,500\
 \text { Excess charitable contributions}&5,000\
 \text {(not deductible due to the $ 10 \% $ limit) }&\
 \text {What is Plover Corporation's taxable income for $ 2013 ? $ }&\
\end{array}$

Quizplus · Accepted Answer

The Answer of For 2013,Plover Corporation,a calendar year taxpayer,had net income per books (after tax)of $75,250.Other transactions having a tax effect include:
 $\begin{array} { l  } 
 \text {Income tax liability }&\$22,250\
 \text {Interest on tax-exempt bonds }&10,000\
 \text {Excess capital losses }&1,500\
 \text { Excess charitable contributions}&5,000\
 \text {(not deductible due to the $ 10 \% $ limit) }&\
 \text {What is Plover Corporation's taxable income for $ 2013 ? $ }&\
\end{array}$

For 2013,Plover Corporation,a Calendar Year Taxpayer,had Net Income Per Books