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Yellow jacket Corporation reported taxable income of $800,000 in 2016 and paid federal income taxes of $272,000. Not included in the taxable income computation was
Yellow jacket Corporation reported taxable income of $800,000 in 2016 and paid federal income taxes of $272,000. Not included in the taxable income computation was a net capital loss of $25,000, life insurance proceeds of $100,000, and Tax exempt municipal interest income $50,000.The corporation's current earnings and profits for 2016 would be what?
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