Required information Problem 9-56 (LO 9-2) (Static) [The following information applies to the questions displayed below] Renee operates a proprietorship selling collectibles over the Web. This year, Renee's business reported revenue of $95.5 million and deducted $88.6 million in expenses and loss carryovers. Her business deductions included cost of goods sold of $48.5 million, sales commissions paid of $16.9 million, $10.5 million of interest paid on a mortgage, $10.7 million of depreciation, and $2 million deduction for a net operating loss carryover. Problem 9-56 Part-a (Static) a. What is Renee's adjusted taxable income for purposes of calculating the limitation on business interest expense? Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 1 decimal place. Adjusted Taxable Income million

Required information Problem 9.56 (LO 9.2) (Static) [The following information opplies to the questions displayed below] Renee operates a proprletorship selling collectibles over the Web This year. Renee's business reported revenue of $95.5 milion and deducted $886 milition in expenses and loss carryovers Her business deductions included cost of goods soid of $48.5 mition, sales commissions paid of $169 million, $10.5 million of interest paid on o mortgage, $107 million of depreclation, and \$2 million deduction for a net operating loss carryover: Problem 9-56 Part-a (Static) What is Renee's adjusted taxable income for purposes of calculating the limitotion on business interest expense? Vote: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 1 decimal place