Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $47,200,000 Business Interest Income $900,000 Interest Expense $16,400,000 How much Interest expense can Flip deduct in the current year? A B C 1 2 Interest Expense Deduction - 3 D E 4 onun 8 9 10 Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $6,650,000 Interest Income $55,000 Business Interest Expense $350,000 Calculate Flip's tax liability for the current year. A C 1 2 Taxable Liability 3 B D E 3 4 5 6 7 8 9 10 S_CMB-20Fall 00235 Response Page Went to the mall and regr.. Connect e Federal Income Tax Environment (10 points) Saved he Dawg corporation owns 9% of Company A and 32% of Company B. Dividends recelved from Company A were $129,000 and from Company B were $207000. If Dawg's "adjusted"taxable income is $2,000,000, calculate Dawg's taxable income after including the dividend information A B D Taxable income 2 3 4 un 6 7 8 9 10 Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $47,200,000 Business Interest Income $900,000 Interest Expense $16,400,000 How much Interest expense can Flip deduct in the current year? A B C 1 2 Interest Expense Deduction - 3 D E 4 onun 8 9 10 Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $6,650,000 Interest Income $55,000 Business Interest Expense $350,000 Calculate Flip's tax liability for the current year. A C 1 2 Taxable Liability 3 B D E 3 4 5 6 7 8 9 10 S_CMB-20Fall 00235 Response Page Went to the mall and regr.. Connect e Federal Income Tax Environment (10 points) Saved he Dawg corporation owns 9% of Company A and 32% of Company B. Dividends recelved from Company A were $129,000 and from Company B were $207000. If Dawg's "adjusted"taxable income is $2,000,000, calculate Dawg's taxable income after including the dividend information A B D Taxable income 2 3 4 un 6 7 8 9 10