What is kings taxable income
Problem: King Corporation has gross profits on sales of $240,000, and deductible expenses of $150,000. In addition, King has a net capital gain of $30,000and dividends paid of $10,000. What is King's taxable income?
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In addition, King has a net capital gain of $30,000and dividends paid of $10,000. What is King's taxable income?
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