Randal Corporation reports the following results for the current​ year: Gross profits on sales 81,000 Short-term capital gain 75,000 Long-term capital gain 10,000 Dividends from 25%-owned domestic corporation 25,000 NOL carryover from the preceding tax year 2,000 Operating expenses 90,000 Requirement: What are Randal​'s taxable income and income tax​ liability? Step 1. Begin by computing Randal​'s taxable income before special​ deductions, then calculate the taxable income. Step 2. Compute Randal​'s income tax liability

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