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Compute the earnings and profits of IGW Corporation based on the following information: Taxable income: $750,000 Federal income taxes paid 255,000 MACRS depreciation: 15,000 If
Compute the earnings and profits of IGW Corporation based on the following information: Taxable income: $750,000 Federal income taxes paid 255,000 MACRS depreciation: 15,000 If SL had been taken: 13,000 Receipt of life insurance proceeds on Key-man policy 50,000 Premiums on key-man policy 500 Total gain on installment sale this year 100,000 (gain included in taxable income this year: $10,000)
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South Western Federal Taxation 2017 Essentials Of Taxation Individuals And Business Entities
Authors: William A. Raabe, David M. Maloney, James C. Young, Annette Nellen
20th Edition
978-0357109144, 978-0357686652, 978-1305874824
