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LNS Corporation reports revenues of $2,390,000. Included in the $2,390,000 is $20,750 of tax-exempt interest income. LNS reports $1,882,500 in ordinary and necessary business expenses.

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LNS Corporation reports revenues of $2,390,000. Included in the $2,390,000 is $20,750 of tax-exempt interest income. LNS reports $1,882,500 in ordinary and necessary business expenses. What is LNS corporation's taxable income for the year? Taxable income

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