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Your company has the following information: Sales $30,000,000 Adjusted Taxable Income $2,249,293 Business Interest Income $67,258 Interest Expense $877,770 Calculate your company's interest expense deduction,
Your company has the following information:
Sales $30,000,000
Adjusted Taxable Income $2,249,293
Business Interest Income $67,258
Interest Expense $877,770
Calculate your company's interest expense deduction, if any.
Group of answer choices
$919,726
$580,681
$877,770
$742,046
None of these answers are correct.
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