Red corporation manufactures

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Reference no: EM13953260

Red Corporation manufactures hand tools in the United States. For the current year, the QPAI derived from the manufacture of hand tools was $1 million. Red?s taxable income for the current year was $2 million. Last year, Red had an NOL of $800,000, which Red elected to carry forward. Calculate Red?s DPAD for the current year.

Reference no: EM13953260

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