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(###11)No chat gpt answers & don't copy from chegg or else I'll give 5 downvotes...

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Accounting

(###11)No chat gpt answers & don't copy from chegg or else I'll give 5 downvotes
Taxable Income: A company has the following information:
Revenue: $500,000
Cost of Goods Sold: $200,000
Depreciation Expense: $50,000
Section 179 Deduction: $20,000
Charitable Contributions: $15,000
Business Meals (50% deductible): $8,000
Problem: Calculate the company's taxable income, considering relevant tax deductions and limitations.

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