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Posted on Aug 07, 2024

A company has depreciation of $ 3 5 0 , 0 0 0 for the year. Interest is $ 5 0 , 0 0 0

A company has depreciation of $

350, 000

for the year. Interest is $

50, 000

on an outstanding loan of

1, 000, 000 .

Employee pay, outside services, repairs, utilities, transportation, legal fees, and similar

expenses are $

2, 450, 000 .

Taxable income is $

150, 000 .

What is the gross income for the year?

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