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73. Bevin Inc. had the following in 2015: Gross income from operation $450,000 Dividends from 22%-owned corporation 150,000 Operating expenses 310,000 Charitable contributions 30,000 NOL
73. Bevin Inc. had the following in 2015:
Gross income from operation | $450,000 |
Dividends from 22%-owned corporation | 150,000 |
Operating expenses | 310,000 |
Charitable contributions | 30,000 |
NOL deduction from 2013 | 20,000 |
Domestic production activities deduction* | 11,000 |
*based on all limits
a. What is Bevin Inc.s taxable income in 2015?
b. What carrybacks or carryovers does it have from 2015?
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