Mrs.Ford,who has a 39.6% marginal tax rate,is the sole shareholder and CEO of Fast Inc.She also holds a $1 million interest-bearing note issued by Fast.The corporation's current-year financial records show the following: 
Compute Fast's taxable income.
A) $1,145,000
B) $1,245,000
C) $1,305,000
D) $1,465,000
Correct Answer:
Verified
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