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Compute its tax wages for the year

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Reference no: EM131873840

Problem - A corporation has the following income during its taxable year:

Net income from operations $155,000

Wholly exempt interest $10,000

Dividends from domestic corporations (based on less than 20% stock holdings) $1,000

Domestic production activity income $155,000

Assume W-2 wages of $400,000

Compute its tax wages for the year.

Reference no: EM131873840

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