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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before interest $7,250,000 Interest Income $95.000 Business Interest Expense $200,000

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Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before interest $7,250,000 Interest Income $95.000 Business Interest Expense $200,000 Calculate Flip's tax liability for the current year. D E B 1 Taxable Liability 2 3 4 5 6 7 8 9 10

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