Domestic production activities deductions

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Reference no: EM131202307

XYZ Corporation has $100,000 of taxable income before the charitable donations deduction and the U.S domestic production activities deduction. Total charitable contributions for the year were $20,000 and the U.S. domestic production income was $50,000. What is the corporation's taxable income after the charitable contributions and U.S. domestic production activities deductions?

$85,5000

$75,500

$30,000

$100,000

Reference no: EM131202307

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