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Determine a corporations taxable income

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Reference no: EM13517039

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 on State of New York bonds.

Reference no: EM13517039

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