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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $46,400,000 Business Interest Income $600,000 Interest Expense $16,500,000

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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $46,400,000 Business Interest Income $600,000 Interest Expense $16,500,000 How much interest expense can Flip deduct in the current year? B 1 Interest Expense Deduction = D m 2. 4 5 6 7 8 9 10

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