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In 2021, Copper, Inc. (C Corp) generated taxable income of $50,000 before $10,000 net operating loss carryforwards, before $15,000 charitable contributions, and before a $5,000
In 2021, Copper, Inc. (C Corp) generated taxable income of $50,000 before $10,000 net operating loss carryforwards, before $15,000 charitable contributions, and before a $5,000 dividend received deduction. In 2022, Copper, Inc. generates taxable income of $210,000 before $15,000 charitable contributions and before a $5,000 dividend received deduction. Compute Copper's taxable income for 2022.
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