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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable Income before Interest $45,600,000 Business Interest Income $950,000 Interest Expense $16,200,000

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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable Income before Interest $45,600,000 Business Interest Income $950,000 Interest Expense $16,200,000 How much interest expense can Flip deduct in the current year? A B C D E 1 2 Interest Expense Deduction = 3 4 5 6 7 8 10

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