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Evaluate taxable income for the year

Problem:

Future Inc reported the following results for the year

Net Income per sales $110,000

Federal Income Taxes $36,170

Life Insurance Proceeds on key employee $15,000

Tax Exempt interest income $13,000

Net Capital Loss $25,000

What is taxable income for the year?

a.$123,170

b.$143,170

c.$72,000

d.$135,000

e.$107,000

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