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Determine the amount of taxable income and separately stated Items in each case, assuming the...

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Accounting

Determine the amount of taxable income and separately stated Items in each case, assuming the corporation Is a Subchapter S corporation. Assume that book income is before any income tax expense.
Reqlred:
a. Book Income of $50,000 including capltal gains of $2,000, a charltable contribution of $1,000, and meals expenses of $3,000.
3. Book Income of $92,000 including capital losses of $3,000, a charitable contribution of $12,000, and meals expenses of $4,000.
c. Book Income of $,76,000 including municipal bond interest of $2,000, a chantable contribution of $5,000, and dividends of $3,000 from a 10% owned domestic corporation. The corporation also has an $8,000 charitable contribution carryover:
d. Book income of $129,000 Including municipal bond interest of $2,000, a charitable contribution of $5,000, and dividends of $7,000 from a 70% owned domestic corporation. The corporation has a capital loss carryover of $6,000 and a capital gain of $2,500 in the current year.
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