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This past year CLL Industries had income from operations of $8.2 million and expenses of $1.8 million. Allowances for depreciated capital expenses were $400,000. What
This past year CLL Industries had income from operations of $8.2 million and expenses of $1.8 million. Allowances for depreciated capital expenses were $400,000. What is CLL's taxable income and federal taxes owed for operations last year? Choose the closest values. a) $6.0 million; $1.93 million b) $6.0 million; $2.04 million c) $6.4 million; $1.93 million d) $6.4 million; $2.04 million Please show your work
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