Samantha is a single individual with no dependents. In 2020, she had total income of $62,000, of which $1,500 is from municipal bond interest. She has FOR AGI deductions of $2,000, itemized deductions of $7,300 and tax credits of $250. She also made estimated tax payments of $5,000. Assume the deduction for qualified business income for individual taxpayers does not apply. (Hint #1: Refer to the tax formula for individuals in Helpful formulas from the book PDF on Canvas under Files/Chapter Notes. Hint #2: Municipal bond interest is not taxable.)

1. Compute Samanthas taxable income for 2020. Salary
2. Compute Samanthas tax due for 2020.
3. Assume that Samantha is a C Corporation instead of an individual and all of the deductions are business related. What would the corporations tax due be for 2020?