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Compute the company current E-P

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Question - Paladin Inc. reported taxable income of $1,000,000 this year and paid federal income taxes of $210,000. The company reported a capital gain from sale of investments of $150,000, which was partially offset by a $100,000 net capital loss carryover from last year, resulting in a net capital gain of $50,000 included in taxable income. Compute the company's current E-P.

Reference no: EM132654133

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