PAVUSIESCow/edit nent Insert Format Tools Add-ons Help Last edit was 2 minutes ago 100% Normal text Roboto 10.5 - BI U A CD - III 15 E 2.1 LO 6-1, 6-4 FruAgro Company has average annual gross receipts of $30 million annually. This year, FruAgro earned $1 million of business interest income, incurred $7 million of business interest expense and has adjusted taxable income of $17 million. Compute FruAgro's current deduction for business interest and the amount of any business interest carryforward. LOLO 6-1, 6-4 Assuming a 21 percent marginal tax rate, compute the after-tax cost of the following business expenses: $5,600 premium on business property and casualty insurance. $1,200 paid for business entertainment. $3,700 premium on key person life insurance. $50,000 political contribution. $7,800 client meals. LO 6-1, 6-4 Northwest Company has average gross receipts of $50 million annually. This year, Northwest incurred $10.5 million of net business interest and has adjusted taxable page 6-3 lincome f $29 million. Compute Northwest's current deduction for business interest and the amount of any business interest carryforward