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What is unlimited Tech's taxable income? In 2023, Unlimited Tech had net operating income of $7,613,386. In addition to their operating income, they received $1,093,954
What is unlimited Tech's taxable income?
In 2023, Unlimited Tech had net operating income of $7,613,386. In addition to their operating income, they received $1,093,954 in dividend income from their shares in United Corporation. Unlimited Tech owns 15% of all United Corp outstanding shares. Unlimited Tech did not have any interest expense. What is Unlimited Tech's taxable income? (round to the nearest $1)
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