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  3. gamma had income before taxes of $500,000 and a ta

Gamma had income before taxes of $500,000 and a tax rate of 35%. Included in...

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Accounting

Gamma had income before taxes of $500,000 and a tax rate of 35%. Included in this income are $60,000 in municipal bond interest and $10,000 in non-deductible fines and penalties. There is no other book-tax difference. What is the taxable income?

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