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QUESTION 17 In 2021, GG Inc. generated revenues of $50,000,000 and taxable income of $650,000. Included in the computation of taxable income were $480,000
QUESTION 17 In 2021, GG Inc. generated revenues of $50,000,000 and taxable income of $650,000. Included in the computation of taxable income were $480,000 of business interest expense and $250,000 of depreciation. What is the maximum business interest deduction that GG will be eligible to claim in 20217 (note: GG's average gross receipts in the prior three years is greater than $26 million.) O a. 195,000 O b. b. 270,000 OC. 339,000 O d. 414,000 O e. e. 300,000
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