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Iris Company has taxable income of $75,000 in 2020 before interest expense of $23,000. What is Iris's Federal income tax liability? a. $10,920 b. $15,920

Iris Company has taxable income of $75,000 in 2020 before interest expense of $23,000. What is Iris's Federal income tax liability? a. $10,920 b. $15,920 C. $10,750 d. $0 e. $15,750

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