Calculate minimum net income for tax purposes


Question: Calculate minimum 2023 net income for tax purposes (NIFTP) for Lawn and Order based on the following information. Please round your final answer to the nearest dollar. Do not round intermediary answers. Do not use $ signs in your final answer. • Accounting Net Income - $156,100 • Depreciation Expense - $52,500 • Advertising expenses paid to a foreign advertiser to target potential Canadian customers - $5,000 • Business meals and entertainment - $6,500 • Charitable donations - $1,000

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Accounting Basics: Calculate minimum net income for tax purposes
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