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Avocado, Inc. has financial accounting book income of $18,000,000. Book income includes $5,700,000 income tax expense, $150,000 of municipal bond interest income, and $2,250,000 of
Avocado, Inc. has financial accounting book income of $18,000,000. Book income includes $5,700,000 income tax expense, $150,000 of municipal bond interest income, and $2,250,000 of business meals expense. Based only on these items, compute Avocado's taxable income. O $25,800,000 $24,675,000 $24,975,000 O $23,700,000
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