George operates a business that generated adjusted gross, Financial Accounting

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George operates a business that generated adjusted gross

George operates a business that generated adjusted gross income of $250,000 and taxable income of $170,000 this year (before the domestic production activities deduction). Included in income was $70,000 of qualified production activities income. George paid $60,000 of wages to employees engaged in domestic manufacturing. What domestic production activities deduction will George be eligible to claim this year?

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Financial Accounting: George operates a business that generated adjusted gross

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