Teal Corporation has taxable income of $320,000.The corporation had total travel and entertainment expenses of $50,000,charitable contributions of $10,000,and tax depreciation in excess of book depreciation of $45,000.Without regard to tax expense for financial statement purposes,what is the book net income of Teal?

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The Answer of Teal Corporation has taxable income of $320,000.The corporation had total travel and entertainment expenses of $50,000,charitable contributions of $10,000,and tax depreciation in excess of book depreciation of $45,000.Without regard to tax expense for financial statement purposes,what is the book net income of Teal?

Teal Corporation Has Taxable Income of $320,000