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HPQ Inc reported the following information Net sales (US production) $550,000 Cost...

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Accounting

HPQ Inc reported the following information

Net sales (US production) $550,000

Cost of Goods sold $300,000

Operating Expenses $100,000

W-2 wages for the year (included in cost of goods sold and operating expenses) $80,000

What is the taxable income?

a.) 136,500

b.) 142,800

c.)150,000

d.)157, 200

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