Compute his taxable income:

Just part (B) please

Problem 6-34 (a) (LO. 1) Geoffrey, age 45, is recently divorced and maintains a household in which his dependent aunt lives. He has the following income and expenses in 2020: Salary income Interest income Dividend income Child support paid Mortgage interest on residence Property tax on residence Medical expenses for Geoffrey Medical expenses for aunt Penalty imposed on premature withdrawal of funds from a certificate of deposit $74,000 1,200 1,800 12,000 2,500 900 1,600 5,950 675 State income tax 2,440 Federal income tax 12,300 Problem 6-42 (Algorithmic) (LO. 3) Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $49,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $52,400. She proceeds with opening the restaurant, and it begins operations on May 1. Determine the amount that Henrietta can deduct in the current year for investigating these two businesses. In your computations, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations. a. The deductible amount of investigation expenses related to expansion of her hotel chain into another city: $ 49,500 b. The deductible amount of investigation expenses related to opening a restaurant: Problem 6-34 (a) (LO. 1) Geoffrey, age 45, is recently divorced and maintains a household in which his dependent aunt lives. He has the following income and expenses in 2020: Salary income Interest income Dividend income Child support paid Mortgage interest on residence Property tax on residence Medical expenses for Geoffrey Medical expenses for aunt Penalty imposed on premature withdrawal of funds from a certificate of deposit $74,000 1,200 1,800 12,000 2,500 900 1,600 5,950 675 State income tax 2,440 Federal income tax 12,300 Problem 6-42 (Algorithmic) (LO. 3) Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $49,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $52,400. She proceeds with opening the restaurant, and it begins operations on May 1. Determine the amount that Henrietta can deduct in the current year for investigating these two businesses. In your computations, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations. a. The deductible amount of investigation expenses related to expansion of her hotel chain into another city: $ 49,500 b. The deductible amount of investigation expenses related to opening a restaurant