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Damian Corporaton is engoged in the business of parchasing and importing carpets. The carpets ace imported from a country which the U.S, has banned as

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Damian Corporaton is engoged in the business of parchasing and importing carpets. The carpets ace imported from a country which the U.S, has banned as a source of imports. Following is a ist of income and expense items for the year: Read the requirements Requirement a. What is the tuxable income of Daminn Corpormion from the lilegal buniness activity? Damian's taxable income from stis tiegal businets activy is Data field(s) empty. Do no g illegal drugs. Wha Requirements a. What is the taxable income of Damian Corporation from the illegal business activity? b. Assume the same facts as in Part a except that Damian's business consists of buying and selling illegal drugs. What is Damian's taxable income from this illegal business activity

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