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Hi! Can you explain to me how to calculate these problems? Thanks for your help...

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Hi! Can you explain to me how to calculate these problems? Thanks for your help in advance! This is an accounting 335 question

9. Jim, a single taxpayer and sole owner of an S Corporation, has a very profitable manufacturing business that generates $500,000 in taxable income. He pays $100,000 in wages and the equipment originally cost $600,000. (His overall taxable income is more than $500,000.) a) What is his allowable deduction b) Assume the same facts as above except that Jim's business has original equipment that cost $1,500,000. c) Assume the same facts as in (a) except that $300,000 in wages are paid. 7

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