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 $ including capltal gains of $ a charltable contribution of $ and meals expenses of $
Book Income of $ including capital losses of $ a charitable contribution of $ and meals expenses of $
c Book Income of $ including municipal bond interest of $ a chantable contribution of $ and dividends of $ from a owned domestic corporation. The corporation also has an $ charitable contribution carryover:
d Book income of $ Including municipal bond interest of $ a charitable contribution of $ and dividends of $ from a owned domestic corporation. The corporation has a capital loss carryover of $ and a capital gain of $ in the current year.
