The Dawg corporation hos Gross Income of $4,300,000 not including Municipal Bond Interest of $30,000, and deductions of $750,000. Calculate Dawg's tax liability 125 points B D E 1 2. Taxable Liability eBook 3 5 The Dawg corporation owns 11% of Company A and 27% of Company B. Dividends received from Company A were $101,000 and from Company B were $231,000. If Dawg's "adjusted taxable income is $2,000,000, calculate Dawg's taxable income after including the dividend Information. B D 1 2 Taxable income = 3 4 5 6 7 8 Next 10 Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $9,550,000 Interest Income $75,000 Business Interest Expense $250,000 Calculate Flip's tax liability for the current year. A B D 1 2. Taxable Liability = S 4 5 6 7 Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $38,000,000 Business Interest Income $900,000 Interest Expense $16,400,000 How much interest expense can Flip deduct in the current year? A B D E 1 2 Interest Expense Deduction - 3 4 5 6 7 8 9 10