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Determine the amount of taxable income and separately stated items in each case, assuming the corporation is a Subchapter $ corporation. Assume that book income

Determine the amount of taxable income and separately stated items in each case, assuming the corporation is a Subchapter $ corporation. Assume that book income is before any income tax expense.
Required:
a. Book income of $67,000 including capital gains of $4,900, a charitable contribution of $1,800, and meals expenses of $6,000.
b. Book income of $109,000 including capital losses of $10,000, a charitable contribution of $20,500, and meals expenses of $2,600.
c. Book income of $84,500 including municipal bond interest of $1,800, a charitable contribution of $5,700, and dividends of $4,400 from a 10% owned domestic corporation. The corporation also has a(an) $7,600 charitable contribution carryover.
d. Book income of $146,000 including municipal bond interest of $2,000, a charitable contribution of $4,300, and dividends of $7,200 from a 70% owned domestic corporation. The corporation has a capital loss carryover of $5,300 and a capital gain of $2,600 in the current year.
Complete the question by entering your answers in the tabs below.
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Required D
Book income of $67,000 including capital gains of $4,900, a charitable contribution of $1,800, and meals exp
\table[[Taxable income,Amount],[Separately stated items,I],[,],[,],[,]]
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