Company K operates in a jurisdiction that levies an income tax with the following rate structure. Percentage Rate Bracket 7% Income from 0 to $75,000 10 Income from $75,001 to $150,000 15 Income in excess of $150,000 Company K incurs a $27,800 deductible expense. Compute the current year tax savings from the deduction assuming that:

a. Company Ks taxable income before considering the additional deduction is $68,900. b. Company Ks taxable income before considering the additional deduction is $173,200. c. Company K has a $4,650 loss before considering the additional deduction.