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

a. Book income of $100,000 including capital gains of $4,000, a charitable contribution of $2,000, and travel and entertainment expenses of $6,000.

b. Book income of $184,000 including capital gains of $6,000, a charitable contribution of $24,000, and travel and entertainment expenses of $6,000.

c. a. Book income of $152,000 including municipal bond interest $4,000, a charitable contribution of $10,000, and dividends of $6.000 from a 10% owned domestic corporation. The corporation also has a $16,000 charitable contribution carryover.

d. Book income of $258,000 including municipal bond interest of $4,000, a charitable contribution of $10,000, and dividends of $14,000 from a 70% owned domestic corporation. The corporation has a capital loss carryover of $12,000 and a capital gain of $5,000 in the current year.