Wright Corporation reported $100,000 of book income before income taxes for the year ended December 31, 2015. The income statement disclosed the following information:
Christmas gifts to 40 customers at $100 each
Dividends of $20,000 received from Morley, Ltd., a 20%-owned corporation
that is not subject to United States income tax
Insurance premiums of $15,000 on a policy insuring the life of the president
of the corporation, under which Wright Corporation is the beneficiary
What should Wright report as its taxable income for 2015?
A. $103,000
B. $102,000
C. $115,000
D. $118,000

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills.what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i.e, his fifth year, not his junior year).