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Honu, Inc. has book income of $1,200,000. Book income includes $380,000 income tax expense, $10,000 of municipal bond interest income, and $150,000 og business meals

Honu, Inc. has book income of $1,200,000. Book income includes $380,000 income tax expense, $10,000 of municipal bond interest income, and $150,000 og business meals expense. Based only on these items, compute Honu's taxable income.

A. $1,580,000, B. $1,665,000 C. $1,720,000 or

D. $1,645,000

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Question

Honu, Inc. has book income of $1,200,000. Book income includes $380,000 income tax expense, $10,000 of municipal bond interest income, and $150,000 og business meals

Honu, Inc. has book income of $1,200,000. Book income includes $380,000 income tax expense, $10,000 of municipal bond interest income, and $150,000 og business meals expense. Based only on these items, compute Honu's taxable income. A. $1,580,000, B. $1,665,000 C. $1,720,000 or D. $1,645,000

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Honu, Inc. has book income of $1,200,000. Book income includes $380,000 income tax expense, $10,000 of municipal bond interest income, and $150,000 og business meals expense. Based only on these items, compute Honu's taxable income.

A. $1,580,000, B. $1,665,000 C. $1,720,000 or

D. $1,645,000