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ven if all of the work you have done so far is correct, you may not have completed everything value 790 points Determine taxable income

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ven if all of the work you have done so far is correct, you may not have completed everything value 790 points Determine taxable income in each of the following instances. Assume that the corporation is a C corporation and that book income is before any income tax expense. a. Book income of $55,000 including capital gains of $3,000, a charitable contribution of $1,700, and meals b. Book income of $97,000 including capital losses of $4,000, a charitable contribution of $14,500, and meals c. Book income of $78,500 including municipal bond interest of $1,200, a charitable contribution of $4,400, d. Book income of $134,000 including municipal bond interest of $1,400, a charitable contribution of $3,700, and entertainment expenses of $5,500. and entertainment expenses of $1,400. and dividends of $1,800 from a 10% owned domestic corporation. The corporation also has an $6,400 charitable contribution carryover. and dividends of $5,900 from a 70% owned domestic corporation. The corporation has a capital loss carryover of $4,700 and a capital gain of $1,400 in the current year. 3Answer is not complete Taxable $ 57,750 s 106,650 a. inco Taxable income Taxable income Taxable income s 127,070 8

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