The Business Is a C Corporation and T Is a 50

Multiple Choice

The business is a C corporation and T is a 50 percent owner.T is single and has no other tax information. Income from services $\quad$$\$ 100,000$
Net capital loss $\quad$ 2,200
Guaranteed compensation paid to $\mathrm { T } \quad 10,000$
Life insurance premium for $\mathrm { T }$ ,
payable to T's children $\quad$ 300
Other operating expenses $\quad 54,000$ The C corporation's taxable income is

A) $35,700
B) $33,500
C) $28,500
D) $26,900