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

Question 60

Multiple Choice

Hippo,Inc. ,a calendar year C corporation,manufactures golf gloves.For 2010,Hippo had taxable income (before DPAD) of $800,000,qualified domestic production activities income of $950,000,and W-2 wages related to qualified production activities income of $130,000.Hippo's domestic production activities deduction for 2010 is:


A) $0.
B) $65,000.
C) $72,000.
D) $85,500.
E) None of the above.

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