Signal Corporation Is an S Corporation Owned Equally by Serena

Multiple Choice

Signal Corporation is an S corporation owned equally by Serena and three other shareholders.The corporation reported $900,000 of business receipts,$500,000 of business deductions and $40,000 of dividend income.On Serena's return,she will be entitled to a deduction for qualified business income of

A) $20,000.
B) $22,000.
C) $80,000.
D) $88,000.