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On 12/31/X4, Zoom, LLC, reported a $58,500 loss on its books. The items included in the loss computation were $29,000 in sales revenue, $14,000 in qualified dividends, $21,000 in cost of goods sold, $49,000 in charitable contributions, $19,000 in employee wages, and $12,500 of rent expense. How much ordinary business income (loss) will Zoom report on its X4 return
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On 12/31/X4, Zoom, LLC, reported a $58,500 loss on its books. The items included in the loss computa...
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