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Water Corporation reports $500,000 of taxable income for the current year. The following additional information is available View the additional information. Assume a 21%

Water Corporation reports $500,000 of taxable income for the current year. The following additional information is available View the additional information. Assume a 21% corporate tax rate. Requirement What is Water's current E&P for this year? (If an input field is not used, leave the input field empty. Do not select a label or enter a zero.) Taxable income Plus: Minus: Current earnings and profits

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