Hippo, Inc

Multiple Choice

Hippo, Inc., a calendar year C corporation, manufactures golf gloves.For 2012, Hippo had taxable income (before DPAD) of $900,000, qualified domestic production activities income of $750,000, and W-2 wages related to qualified production activities income of $140,000.Hippo's domestic production activities deduction for 2012 is:

A) $0.
B) $12,600.
C) $67,500.
D) $70,000.
E) None of the above.