Determine a corporation's taxable income if it has $450,000 of gross receipts, $145,000 cost of goods sold,

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Determine a corporation's taxable income if it has $450,000 of gross receipts, $145,000 cost of goods sold, $276,000 of deductible business expenses, $20,000 of gain on the sale of machinery, and $500 of interest income from State of New York bonds.

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Taxation For Decision Makers 2014

ISBN: 9781118654545

6th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Mar 22, 2016 03:31 AM

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Determine a corporation's taxable income if it has $450,000 of gross receipts, $145,000 cost of goods sold,

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Taxation For Decision Makers 2014

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