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George operates a business that in 2020 generated revenues of $50 million and allocable taxable income of $570,000. Included in the computation of allocable taxable

George operates a business that in 2020 generated revenues of $50 million and allocable taxable income of $570,000. Included in the computation of allocable taxable income were $900,500 of business interest expense, $20,500 of business interest income, and $180,500 of depreciation. Assume CARES Act applies. What is the maximum business interest deduction that George will be eligible to claim this yearimage text in transcribed

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