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BASED ON THE FOLLOWING 2018 INCOME AND EXPENSE INFORMATION FOR SPURLOCK CORP, HOW MUCH IS SPURLOCK'S TAXABLE INCOME? gross profit FROM SALES 65,000 dividends from

BASED ON THE FOLLOWING 2018 INCOME AND EXPENSE INFORMATION FOR SPURLOCK CORP, HOW MUCH IS SPURLOCK'S TAXABLE INCOME?

gross profit FROM SALES 65,000

dividends from 15%owned domestic corporation 40,000

operating expenses 30,000

43,000

55,000

75,000

105,000

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