$1.$ Green Light Trading Co$.$ had the following taxable income and deduction for the tax year $20$X$2$:

Sales of inventory $=$ $$1,604,500$

Deductible cost of goods sold $=(816,400)$

Deductible expenses $=(586,400)$

Taxable income $=?$

What is Green Light Trading Co$.$s taxable income for the tax year $20$X$2?$

$2.$ Green Light Trading Co$.$ had the following taxable income and deduction for the tax year $20$X$2$:

sales inventory $=1,621,900$

deductible cost of goods sold $=(812,400)$

deductible expenses $=(507,200)$

taxable income?

Green Light Trading Co$.$ is a corporation and its federal income tax rate is flat $21\%.$ What is Green Light Trading Co$.$s federal income tax liability for the tax year $20$X$2?$

$3.$ Green Light Trading Co$.$ had the following taxable income and deduction for the tax year $20$X$2$:

sales of inventory $=1,516,700$

deductible cost of goods sold $=(821,700)$

deductible expenses $=(531,600)$

taxable income?

Green Light Trading Co$.$ is a corporation and its federal income tax rate is flat $21\%.$ Assume that Green Light Trading Co$.$ had net operating loss in $20$X$1$ of $($$$63200).$ With this $20$X$1$ loss and Green Light Trading Co$.$s $20$X$2$ taxable income and deduction, what is Green Light Trading Co$.$s $20$X$2$ federal income tax liability?

$4.$ A taxpayer receiving more than $$10,000$ cash in one transaction or two or more related business transactions must report it$.$ The tax form to report the cash receipt over $$10,000$ is:

a$)$ form $1099$

b$)$ form $720$

c$)$ form $8300$