George operates a business that generated revenues of $51 million and allocable taxable income of $1.26 million. Included in the computation of allocable taxable income were deductible expenses of $240,500 of business interest and $250,500 of depreciation. What is the maximum business interest deduction that George will be eligible to claim this year
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George operates a business that generated revenues of $51 million and allocable taxable income of $1...
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