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EFG, a calendar year, accrual basis corporation, reported $479,900 net income anet ox on its financial statements prepared in accordance with CAP The corporation's financial

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EFG, a calendar year, accrual basis corporation, reported $479,900 net income anet ox on its financial statements prepared in accordance with CAP The corporation's financial records reveal the following information 16 EFG earned $10.700 on an investment in tax-exempt municipal bonds EFG's allowance for bad debts as of January 1 was $21.000 Wie ofts for the year totaled $4.400 while the addition to the allowance was $3,700. The allowance as of December 31 was $20,300 . On August 7, EFG paid a $6.000 fine in a manice government for a violation of a calzoning ordinance . EFG's depreciation expense per books was 544200, and its MACRS depreciation deduction was $31000 TV EFC's second taxable year in its first taxable year it recognized an $8.800 net capital loss. This year it recognized a $2.000 long term capital . Institute year FFG capitalized $6.900 organizational costs for tax purposes and elected to amortize the costs over 180 mont For book purposes. Il expensed the costs . EFG's federal income tax expense per books was 5151000 Required: Computer's taxable income Complete this question try catering your answers in the tabs below. Computer came to the hund your taste the ones whole antwo) Amen

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