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Business, 30.07.2021 19:30 dsporski

An S corporation had the following income and expenses: Sales $240,000 Rent expense 25,000 Business meals 5,000 Interest income 1,500 Contributions to qualifying charities 600 IRC Section 179 expense 3,000 Depreciation expense 1,800 What would be reported as ordinary income on the corporation's income tax return

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An S corporation had the following income and expenses: Sales $240,000 Rent expense 25,000 Business...
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