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  3. swindle, inc. had net income from domestic product

Swindle, Inc. had net income from domestic production activity of $850,000. It also had dividend...

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Question

Accounting

Swindle, Inc. had net income from domestic production activity of $850,000. It also had dividend income, from less than 20% owned companies, of $100,000 and paid dividends to its shareholders of $225,000. What is its taxable income?

a.

$843,500
b.

$618,500
c.

$803,500
d.

$578,500

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