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A company had pretax financial income of $764,000 in 2021. During 2021, the following items cause taxable income to be different than pretax financial income:

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A company had pretax financial income of $764,000 in 2021. During 2021, the following items cause taxable income to be different than pretax financial income: Depreciation for tax purposes in excess of book depreciation $8,000 Fines resulting from a violation of law 2,120 Received advance rent payment. The rent is for 2022. 7,660 What is taxable income for the company in 2021

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