Sandy Bottoms Corporation generated $50,000,000 of revenue this year and reported taxable income (before depreciation, and any tax loss carryovers) of $1.3 million. Taxable income included $350,000 of interest income and interest expense of $1.25 million. What is Sandy Bottoms maximum interest expense deduction for the year? If you arent gonna answer leave it alone and let someone else... stop using our questions up!!!