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Hippo,Inc,A Calendar Year C Corporation,manufactures Golf Gloves

Question 64

Multiple Choice

Hippo,Inc.,a calendar year C corporation,manufactures golf gloves.For 2008,Hippo had taxable income of $200,000,qualified domestic production activities income of $250,000,and W-2 wages related to qualified production activities income of $23,000.Hippo's domestic production activities deduction for 2008 is:


A) $11,500.
B) $12,000.
C) $15,000.
D) $23,000.
E) None of the above.

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