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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $1,150,000 Interest Income $100,000 Business Interest Expense $350,000

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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $1,150,000 Interest Income $100,000 Business Interest Expense $350,000 Calculate Flip's tax liability for the current year. B D E 1 2 Taxable Liability = 3 4 5 6 7 8 9 10

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