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24 Sandy Bottoms Corporation generated $50,000,000 of revenue this year and reported taxable income (before depreciation, interest expense, and any tox loss carryovers) of
24 Sandy Bottoms Corporation generated $50,000,000 of revenue this year and reported taxable income (before depreciation, interest expense, and any tox loss carryovers) of $2.3 million. Taxable income included $370,000 of interest income and interest expense of $1.75 million. What is Sandy Bottoms maximum interest expense deduction for the year? Essey Toolbar.navigation BIVSF3
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