Laurie and Lodi Are the Owners of a Toothbrush Manufacturing

Multiple Choice

Laurie and Lodi are the owners of a toothbrush manufacturing corporation. Laurie owns 60% of the stock of DENT-LL's Corporation and Lodi owns 40%. During the current year, the toothbrush corporation has operating income of $15,000, interest income of $22,000 from investments, and losses from investments in limited partnerships of $24,000. The corporation pays $14,000 in dividends. What is DENT-LL's taxable income for the current year?

A) $ 0
B) $13,000
C) $17,000
D) $22,000
E) $37,000