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Problem 2. (10 points) In year 2, Rainbow Corp had taxable income of $1,610,050. Rainbow Corp had the following items in year 2 relevant for

Problem 2. (10 points) In year 2, Rainbow Corp had taxable income of $1,610,050. Rainbow Corp had the following items in year 2 relevant for the calculation of earnings and profits: What is Rainbow Corp's year 2 current e \& p

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