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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 companys 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 companys interest expense deduction, if any.

Choose the correct answer and show your work.

$580,681
$919,726
$742,046
$877,770
None of these answers are correct

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