George operates a business that in 2020 generated revenues of $50 million and allocable taxable income of $630,000. Included in the computation of allocable taxable income were$903,500 of business interest expense, $23,500 of business interest income, and $870,250 of depreciation. What is the maximum business interest deduction that George will be eligible to claim this year?
A)$189,000
B)$174,750
C)$232,750
D)$870,250
E)$920,250

Question

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The Answer of George operates a business that in 2020 generated revenues of $50 million and allocable taxable income of $630,000. Included in the computation of allocable taxable income were$903,500 of business interest expense, $23,500 of business interest income, and $870,250 of depreciation. What is the maximum business interest deduction that George will be eligible to claim this year?
A)$189,000
B)$174,750
C)$232,750
D)$870,250
E)$920,250

George Operates a Business That in 2020 Generated Revenues of $50