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Calculate the taxable income for Apple Inc. based on the following financial information for the fiscal year ending September 30, 2023: The company reported total
Calculate the taxable income for Apple Inc. based on the following financial information for the fiscal year ending September 30, 2023: The company reported total revenue of $100,000,000, cost of goods sold amounted to $40,000,000, and operating expenses totaled $30,000,000. Additionally, depreciation expenses were $5,000,000, and interest expenses stood at $2,000,000. The corporate tax rate for Apple Inc. is 20%.
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