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Delta Incorporated generated $1,349,600 ordinary income from operations this year. It also recognized $29,200 recaptured ordinary income, $21,000 net Section 1231 gain, and $14,900 net
Delta Incorporated generated $1,349,600 ordinary income from operations this year. It also recognized $29,200 recaptured ordinary income, $21,000 net Section 1231 gain, and $14,900 net capital loss on the sale of assets. Compute Delta's taxable income.
Multiple Choice
$1,384,900
$1,399,800
$1,349,000
$1,378,800
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