In 2018, UNA Corporation has $500,000 of adjusted taxable income, $22,000 of business interest income, and $120,000 of business interest expense. It has average annual gross receipts of more than $25 million over the prior three taxable years.

a. What is UNA's interest expense deduction for 2018?

$

b. How much interest expense can be deducted for 2018 if UNA's adjusted taxable income is $300,000?

$