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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $45,700,000 Business Interest Income $750,000 Interest Expense $16,800,000

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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $45,700,000 Business Interest Income $750,000 Interest Expense $16,800,000 How much interest expense can Flip deduct in the current year? A B D 1 1 2 Interest Expense Deduction = 4 5 6 6 7 00 9 10

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