Exercise $20-12($Algorithmic$)($L$0.1)$

The entity reports the following transactions for the $2023$ tax yeac. The trustee acoumulates all accounting income for the year.

$\backslash$table$[[$Operating income from a business,$$585,000],[$Dividend income, all from U$.$S$.$ corporations $(20\%$ tax rate$),35,100],[$Interest income, Cty of San Artonio bonds,$4,600,000],[$Truitee fees, deductible pertion,$(17,550)],[$Net rental losses, pasiove activity,$(117,000)]]$

Oick here to acoess tax table for this problem.

Carryout the tax computations to two decimal places and round the final tax liability to the nearest dollar.

Compute the Federal income tax liabity for the Voleris Thust by providing the following amounts:

The amount of the trustee's gress income tased at $20\%$s for the Valerie frust is is $$

The Trustee taxable income tased at erdinary rates for the Waleris Thas is i $$

The Federal income tax liabilty for the Velerie Trust is $1$ X $.$

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