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Which of the following statements is incorrect

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Reference no: EM13343138

Which of the following statements is incorrect with respect to determining current E & P?

a. All tax-exempt income should be added back to taxable income.
b. Dividends received deductions should be added back to taxable income.
c. Charitable contributions in excess of the 10% of taxable income limit should be subtracted from taxable income.
d. Federal income tax refunds should be added back to taxable income.
e. None of the above statements are incorrect.

 

Reference no: EM13343138

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