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 $33,200 deductible expense.

Required:

1. Compute the current year tax savings from the deduction assuming that Company Ks taxable income before considering the additional deduction is $71,200.
2. Compute the current year tax savings from the deduction assuming that Company Ks taxable income before considering the additional deduction is $176,800.
3. Compute the current year tax savings from the deduction assuming that Company K has a $8,900 loss before considering the additional deduction.