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mery Inc. had $5 million of gross income, operating expenses of $1 million, paid $1 million rest on borrowing of $10 million, and paid a

image text in transcribed mery Inc. had $5 million of gross income, operating expenses of $1 million, paid $1 million rest on borrowing of $10 million, and paid a dividend of $0.50 million. Emery Inc.'s taxable e is t one: a. $3 Million b. $2.5 Million C. $3.5 Million d. $ 4 Million

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