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Discuss what is shoe market''s taxable income

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The Walstore Shoe Market had $1871000 of shoe sales and its cost for these shoes was $685000. In addition, Shoe Market received $4000 of corporate bond interest and $6100 interest on State of California bonds. It paid $511200 in salaries and had $551800 of other operating expenses.

What is Shoe Market's taxable income?

Reference no: EM131807989

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