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Which of the following reduces taxable income on Form 1120? A net capital loss from the sale of a business asset in the year incurred.

Which of the following reduces taxable income on Form 1120?

A net capital loss from the sale of a business asset in the year incurred.

Payment of a fine for an illegally parked delivery truck.

Dividends paid to shareholders.

Charitable contributions made on the last day of the tax year.

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