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Carol and Sid are discussing the computation of E&P for a new client. In computing current E no file selected the following are subtractions
Carol and Sid are discussing the computation of E&P for a new client. In computing current E no file selected the following are subtractions from taxable income? Federal income taxes paid Current charitable contributions in excess of 10 percent limitation Current-year net capital loss All of the choices are subtractions from taxable income in computing current E&P.
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