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Green Light Trading Co. had the following taxable income and deduction for the tax year 20X2: Sales of inventory $1631000 Deductible cost of goods sold

Green Light Trading Co. had the following taxable income and deduction for the tax year 20X2: Sales of inventory $1631000 Deductible cost of goods sold (899800) Deductible expenses (562300) Taxable income ? Green Light Trading Co. is a corporation and its federal income tax rate is flat 21%. What is Green Light Trading Co.'s federal income tax liability for the tax year 20X2? Question 2Answer a. 35469 b. $342510 c. 307041 d. 224427

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