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Taxable income for 2007

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2007
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Cost of Goods Sold $3,419
Interest 187
Dividends 370
Depreciation 892
Change in returned earnings 228
Tax rate 35%

What is the taxable income for 2007?

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Solution contains calculation of taxable income.

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Hi,

Please see response to your posting as given below:
Net income = Change ...

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