Louisiana Land Corporation reported the following results for the current year:Taxable income before the dividends-received deduction and before the charitable contributions deduction320,000Charitable contributions60,000Dividends-received deduction20,000What is the amount of the taxable income for the current year?

A. $294,000
B. $300,000
C. $268,000
D. $240,000


Answer: C

Business

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