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Taxable income for 2007

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?

Solution Preview

Hi,

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

Solution Summary

Solution contains calculation of taxable income.

$2.19