In the current year Tiger Corp a calendar year Secor has $$8,300,000$ in adjusted tax will income $$230,000$ business interest income no floor paint playing financing and two. $$5$ million of business interest expense tigers grocery seats in the last three years were $34$ million $28,000,0301$ million

In the current year, Tiger Corp., a calendar year $C$ corp, has $$8,300,000$ in adjusted

taxable income; $$230,000$ of business interest income; no floor plan financing; and

$$2,500,000$ of business interest expense. Tiger's gross receipts in the last $3$ years were:

$$34$ million, $$28$ million, and $$31$ million.

a$.$ What is Tiger's current year deduction for business interest expense?

b$.$ What if Tiger's gross receipts $-$ on average $-$ for the last $3$ years were $$25$ million?

What amount of business interest expense would be deductible for Tiger in the

current year?