, a calendar year accrual basis taxpayer (C Corporation) has financial accounting net income (book income) for the current year of $600,000. Additional information for the current year follows: Interest income on state bond $25,000; Interest expense on equipment loan $20,000; business entertainment expense $30,000; Gain on sale of a capital asset $10,000 and a loss on sale of a capital asset $6,000; MACRS tax depreciation $55,000 and depreciation expense for book purposes is $40,000; environmental waste penalty paid $10,000 and federal income tax expense $80,000. What is Ryan's taxable income for the current year?

Your company is starting a new r& d initiative: a development of a new drug that dramatically reduces the addiction to smoking. the expert team estimates the probability of developing the drug succesfully at 60% and a chance of losing the investment of 40%. if the project is successful, your company would earn profits (after deducting the investment) of 9,000 (thousand usd). if the development is unsuccessful, the whole investment will be lost -1,000 (thousand usd). your company's risk preference is given by the expected utility function: u(x) v1000 +x, where x is the monetary outcome of a project. calculate the expected profit of the project . calculate the expected utility of the project . find the certainty equivalent of this r& d initiative . find the risk premium of this r& d initiative e is the company risk-averse, risk-loving or risk-neutral? why do you think so?