Determine 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 $$53,000$ including capital gains of $$2,000,$ a charitable contribution of $$1,300,$ and meals expenses of $$4,500.$

b$.$ Book income of $$95,000$ including capital losses of $$3,000,$ a charitable contribution of $$12,600,$ and meals expenses of $$1,200.$

c$.$ Book income of $$79,000$ including municipal bond interest of $$1,200,$ a charitable contribution of $$4,200,$ and dividends of $$1,400$

from a $10\%$ owned domestic corporation. The corporation also has an $$6,200$ charitable contribution carryover.

d$.$ Book income of $$132,000$ including municipal bond interest of $$1,300,$ a charitable contribution of $$3,600,$ and dividends of $$5,700$

from a $70\%$ owned domestic corporation. The corporation has a capital loss carryover of $$4,600$ and a capital gain of $$1,200$ in the

current year.

Answer is complete but not entirely correct.