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A corporation has operating income of $ 1 2 , 0 0 0 , 0 0 0 and it receives $ 8 0 0 ,

A corporation has operating income of $12,000,000 and it receives $800,000 in interest income and $1,200,000 in dividend income. It has $1,000,000 in capital gains and $2,000,000 in capital losses for the year. What is the corporation's taxable income? Calculate.

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