You are finishing your 3rd year in business with $544,000 of gross income and $256,000 in deductions. Two years ago, you had a net loss of $86,000 and last year, you had a net loss of $73,000. Calculate your taxable income for this year. B Taxable Income= 80 00 Vou AwN Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable Income before Interest $35,000,000 Business Interest Income $850,000 Interest Expense $16,500,000 How much interest expense can Flip deduct in the current year? To TE 4 Interest Expense Deduction = nm +1 O NO