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4. Given: Operating Income (or EBIT) Dividends Income Dividends Distributed to Shareholders Interest Expenses Interest Income Net Realized Capital Gain $500,000 100,000 125,000 220,000
4. Given: Operating Income (or EBIT) Dividends Income Dividends Distributed to Shareholders Interest Expenses Interest Income Net Realized Capital Gain $500,000 100,000 125,000 220,000 30,000 50,000 Calculate the taxable income given the above information, assume that adjusted taxable income is the same as the taxable income.
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