Question: Refer to the information in problem 34. Determine Warner Corporation's income tax liability. Data from problem 34 The Warner Corporation has gross income of $560,000.

Refer to the information in problem 34. Determine Warner Corporation's income tax liability.
Data from problem 34
The Warner Corporation has gross income of $560,000. It has business expenses of $325,000, a capital loss of $20,000, and $2,500 of interest income on temporary investments

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