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Young Corporation has net income of $14,000. Young's federal income tax expense was $3,200. In addition, the company had an exclusion of $2,000, penalties of

Young Corporation has net income of $14,000. Young's federal income tax expense was $3,200. In addition, the company had an exclusion of $2,000, penalties of $500, and business meals with clients of $3,000. How much was Young's taxable income?

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