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Compute the income tax due

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Reference no: EM132929093

Question - Sandy Corporation was organized in 2010 and has the following data for 2018.

Gross income 2000000

Less: Business Expense 1850000

Write off of bad debts 100000

Taxable net income 50000

Required - Compute the income tax due in 2018. Provide a clear explanation?

Reference no: EM132929093

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