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Author Question: Chocolat Inc. is a U.S. chocolate manufacturer. Its domestic production income is $4,000,000. ... (Read 60 times)

Bob-Dole

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Question 1

Chocolat Inc. is a U.S. chocolate manufacturer.  Its domestic production income is $2,000,000. Taxable income before the domestic production deduction is $3,000,000. What is the amount of the production activities deduction?
◦ $270,000
◦ $180,000
◦ $90,000
◦ $60,000

Question 2

Chocolat Inc. is a U.S. chocolate manufacturer. Its domestic production income is $4,000,000. Taxable income before the domestic production deduction is $3,000,000. What is the amount of the production activities deduction?
◦ $270,000
◦ $360,000
◦ $240,000
◦ $180,000


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Marked as best answer by Bob-Dole on Sep 13, 2020

qytan

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Bob-Dole

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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