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In 2020, a company has the following differences between pretax financial income and taxable income: Unearned rent revenue deferred on the books but appropriately recognized

In 2020, a company has the following differences between pretax financial income and taxable income:

  • Unearned rent revenue deferred on the books but appropriately recognized in taxable income, $69,000.
  • Excess depreciation on tax returns, $19,000;

The companys pretax financial income for 2020 is $610,000. How much is taxable income for 2020?

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