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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

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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: a. Book income of $50,000 including capital gains of $2,000, a charitable contrlbution of $1,000, and nonrestaurant meals expenses of $3,000. b. Book income of $92,000 including capital losses of $3,000, a charitable contribution of $52,000, and restaurant meals expenses of $3,000. c. Book income of $76,000 inqluding municipal bond interest of $2,000, a charitable contribution of $5,000, and dividends of $3,000 from a 10% owned domestic corporation. The corporation also has an $28,000 charitable contribution carryover. d. Book income of $129,000 including municipal bond interest of $2,000, a charitable contribution of $5,000, and dividends of $7,000 from a 70% owned domestic corporation. The corporation has a capital loss carryover of $6,000 and a capital gain of $2,500 in the current year

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