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#6 Walnut Company's taxable income for Year 1 was $14.000. In addition, Walnut paid a fine for late filing with the SEC in the amount

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Walnut Company's taxable income for Year 1 was $14.000. In addition, Walnut paid a fine for late filing with the SEC in the amount of $300 and earned interest on tax exempt municipal bond investments of $425. What is the amount of Walnut's net income before taxes for Year 1? $13,875 $14,725 $14,125 $13.275

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