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X Corporation has book income before taxes of $600,000 and you are provided with the following information for the year: Included dividends from a 20%

X Corporation has book income before taxes of $600,000 and you are provided with the following information for the year:

Included dividends from a 20% owned Sub$100,000

Tax Exempt Municipal Interest $160,000

Depreciation:Per Books$100,000

Depreciation: Tax$200,000

Compute Taxable Income for the year.

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