Business, 28.02.2020 22:26 mdoswalt

LNS corporation reports book revenue of $2,940,000. Included in the $2,940,000 is $17,500 of tax-exempt interest income. LNS reports $2,560,000 in ordinary and necessary business expenses. What is LNS Corporation’s taxable income for the year?

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LNS corporation reports book revenue of $2,940,000. Included in the $2,940,000 is $17,500 of tax-exe...