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2 9 . Erin lnc . ' s gross income from operations was $ 1 , 0 0 0 , 0 0 0 and its

29 .

Erin lnc

.'

s gross income from operations was $

1, 000, 000

and its operating expenses were $

600, 000 .

It also received a $

100, 000

dividend from a

30 % -

owned corporation. What is Erin lnc

.'

s taxable income?

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