Assume That Clampett, Incorporated, Has $200,000 of Sales, $150,000 of Cost

Multiple Choice

Assume that Clampett, Incorporated, has $200,000 of sales, $150,000 of cost of goods sold, $60,000 of interest income, and $40,000 of dividends. Assume that Clampett, Incorporated, never operated as a C corporation and that the corporate tax rate is 21 percent. What is Clampett, Incorporated's excess net passive income tax?

A) $0
B) $21,000
C) $75,000
D) $100,000
E) None of the choices are correct.