Beach Corporation, an accrual basis taxpayer, reports the following results for the current year:

**Show work please**

Income:
Gross profit from manufacturing operations $250,000
Dividends received from %25 -owned domes. corp. 20,000
Interst Income: Corporate bonds 10,000
Municiple bonds 12,000
Proceeds from life insurance policy on key 100,000
employee
Section 1231 gain on sale of land 8,000
Expenses:
Administrative expenses 110,000
Bad Debts 5,000
Depreciation:
Financial accounting68,000 Taxable income 86,000 Alternative depreciation system (for E&P) 42,000 NOL carryover 40,000 Charitable contributions: Current year 8,000 Carryover from last year 3,500 Capital loss on sale of stock 1,200 US production activities deduction 1,500 Penalty on late payment of federal taxes 450

a. What is Beach's taxable income and current E&P?

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces

Which ranks these careers that employers are most likely to hire from the least to the greatest?

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?