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Avocado, Inc. has financial accounting book income of $20,400,000. Book income includes $6,460,000 income tax expense, $170,000 of municipal bond interest income, and $2,550,000 of
Avocado, Inc. has financial accounting book income of $20,400,000. Book income includes $6,460,000 income tax expense, $170,000 of municipal bond interest income, and $2,550,000 of business meals expense. Based only on these items, compute Avocado's taxable income. O $28,305,000 O $26,860,000 O $27,965,000 $29,240,000
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