Hippo inc. a calendar year c corporation manufactures golf, Ask an Expert

Accounting

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413404

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