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Concord Company has the following for the current year: Revenue Cost of Goods Sold Salaries paid Advertising Depreciation Expense Business Interest Expense Amortization Expense

Concord Company has the following for the current year: Revenue Cost of Goods Sold Salaries paid Advertising

Concord Company has the following for the current year: Revenue Cost of Goods Sold Salaries paid Advertising Depreciation Expense Business Interest Expense Amortization Expense Office Expense $1,340,000 ($360,000) ($252,400) ($11,900) ($23,500) ($2,750) ($6,200) ($1,160) What is Concord Company's adjusted taxable income for determining the amount of business interest expense that can be deducted? Ignore the impact of the QBI deduction.

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