McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 40

Wood Corporation was a C corporation in 2010 but elected to be taxed as an S corporation in 2011.At the end of 2010, its earnings and profits were $15,500.The following table reports Wood's (taxable) income for 2011 (its first year as an S corporation).
What is Wood Corporation's excess net passive income tax for 2011?