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What jbs taxable income is

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Reference no: EM132483543

JB Enterprises, Inc. reported the following information for 2006:

Sales$4,500,000

Costs of Goods Sold 2,100,000

Operating Expenses 1,000,00

0Dividend Income 100,000

Dividends paid 80,000

Question 1: If JB owns less than 20% of the stock in an other company, JB's taxable income is:

Reference no: EM132483543

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