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George operates a business that generated revenues of $53 million and allocable taxable income of $1.28 million. Included in the computation of allocable taxable income

George operates a business that generated revenues of $53 million and allocable taxable income of $1.28 million. Included in the computation of allocable taxable income were deductible expenses of $241,500 of business interest and $251,500 of depreciation. What is the maximum business interest deduction that George will be eligible to claim this yearimage text in transcribed

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