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Business, 08.10.2019 06:00 Garciaapril1597

Jagdon corp.’s book income was $150,000 for the current year, including interest income from municipal bonds of $5,000 and excess capital losses over capital gains of $10,000. federal income tax expense of $50,000 was also included in jagdon’s books. what amount represents jagdon’s taxable income for the current year?
$185,000
$195,000
$205,000
$215,000

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