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Xi Apparel Xi Apparel reported taxable income of $1,800,000. $150,000 in shipping costs were not deducted. $80,000 in personal expenses were included as business expenses.
Xi Apparel
- Xi Apparel reported taxable income of $1,800,000.
- $150,000 in shipping costs were not deducted.
- $80,000 in personal expenses were included as business expenses.
- A tax credit of $50,000 for sustainable practices was not claimed.
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