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Swindle, Inc. had net income from domestic production activity of $850,000. It also had dividend income, from less than 20% owned companies, of $100,000 and

Swindle, Inc. had net income from domestic production activity of $850,000. It also had dividend income, from less than 20% owned companies, of $100,000 and paid dividends to its shareholders of $225,000. What is its taxable income?

a.
$843,500

b.
$618,500

c.
$803,500

d.
$578,500

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Question

Swindle, Inc. had net income from domestic production activity of $850,000. It also had dividend income, from less than 20% owned companies, of $100,000 and

Swindle, Inc. had net income from domestic production activity of $850,000. It also had dividend income, from less than 20% owned companies, of $100,000 and paid dividends to its shareholders of $225,000. What is its taxable income? a. $843,500 b. $618,500 c. $803,500 d. $578,500

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Swindle, Inc. had net income from domestic production activity of $850,000. It also had dividend income, from less than 20% owned companies, of $100,000 and paid dividends to its shareholders of $225,000. What is its taxable income?

a.
$843,500

b.
$618,500

c.
$803,500

d.
$578,500