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Future, Inc. reported the following results for the year: Net income per books $110,000 Federal income taxes 36,170 Life insurance proceeds on key employee 15,000
Future, Inc. reported the following results for the year: Net income per books $110,000 Federal income taxes 36,170 Life insurance proceeds on key employee 15,000 Tax-exempt interest income 13,000 Net capital loss 25,000 Futures taxable income for the year was: a. $123,170 b. $143,170 c. $72,000 d. $135,000 e. $107,000
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Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
