For 2016,Plover Corporation,a calendar year taxpayer,had net income per books (after tax)of $75,250.Other transactions having a tax effect include:
Income tax liability
$22,250
Interest on tax-exempt bonds
10,000
Excess capital losses
7,500
Excess charitable contributions
5,000
(not deductible due to the 10% limit)
What is Plover Corporation's taxable income for 2016?

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The Answer of For 2016,Plover Corporation,a calendar year taxpayer,had net income per books (after tax)of $75,250.Other transactions having a tax effect include:
Income tax liability
$22,250
Interest on tax-exempt bonds
10,000
Excess capital losses
7,500
Excess charitable contributions
5,000
(not deductible due to the 10% limit)
What is Plover Corporation's taxable income for 2016?

For 2016,Plover Corporation,a Calendar Year Taxpayer,had Net Income Per Books