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NetIncomeperbooksFederalIncomeTaxesLifeInsuranceproceedsonkeyemployeeTaxExemptinterestNetCapitalLossPremiumonlifeinsurance200,00042,000100,00025,00010,0006,000 Calculate Taxable Income NetIncomeperbooksFederalIncomeTaxesLifeInsuranceproceedsonkeyemployeeTaxExemptinterestNetCapitalLossPremiumonlifeinsurance200,00042,000100,00025,00010,0006,000 Calculate Taxable Income

image text in transcribed NetIncomeperbooksFederalIncomeTaxesLifeInsuranceproceedsonkeyemployeeTaxExemptinterestNetCapitalLossPremiumonlifeinsurance200,00042,000100,00025,00010,0006,000 Calculate Taxable Income NetIncomeperbooksFederalIncomeTaxesLifeInsuranceproceedsonkeyemployeeTaxExemptinterestNetCapitalLossPremiumonlifeinsurance200,00042,000100,00025,00010,0006,000 Calculate Taxable Income

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