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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable Income before Interest $35,000,000 Business Interest Income $950,000 Interest Expense $16,700,000

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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable Income before Interest $35,000,000 Business Interest Income $950,000 Interest Expense $16,700,000 Calculate Flip's tax liability for the current year. 2 Taxable Income- 4 9 10

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