You are finishing your 3rd year in business with $541,000 of gross income and $258,000...

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Accounting

You are finishing your 3rd year in business with $541,000 of gross income and $258,000 in deductions. Two years ago, you had a net loss of $93,000 and last year, you had a net loss of $63,000. Calculate your taxable income for this year.

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