Determine 2021 taxable income in each of the following instances. Assume that the corporation is a C corporation and that book income is before any income tax expense.

Required:

Book income of $58,000 including capital gains of $4,500, a charitable contribution of $1,000, and nonrestaurant meals expenses of $7,000.

Book income of $100,000 including capital losses of $5,500, a charitable contribution of $53,600, and restaurant meals expenses of $1,700.

Book income of $84,000 including municipal bond interest of $1,700, a charitable contribution of $4,700, and dividends of $2,400 from a 10% owned domestic corporation. The corporation also has an $6,700 charitable contribution carryover.

Book income of $137,000 including municipal bond interest of $1,550, a charitable contribution of $3,850, and dividends of $6,200 from a 70% owned domestic corporation. The corporation has a capital loss carryover of $4,850 and a capital gain of $1,700 in the current year.