Avocado, Inc. has financial accounting book income of $10,800,000. Book income includes $3,420,000 income tax...

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Accounting

Avocado, Inc. has financial accounting book income of $10,800,000. Book income includes $3,420,000 income tax expense, $90,000 of municipal bond interest income, and $1,350,000 of business meals expense. Based only on these items, compute Avocado's taxable income.
$14,805,000
$15,480,000
$14,985,000
$14,220,000
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