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5. Calculate X Corporation's Taxable Income for 2015 based on the information below: (Assume X has NO carry forwards to 2015). In 2015 X: Received

5. Calculate X Corporation's Taxable Income for 2015 based on the information below: (Assume X has NO carry forwards to 2015). In 2015 X: Received income from operations (i.e. revenue - cost) $50,000 Received dividends from Y Corp. $20,000 o X has owned

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