Trixt Inc,An S Corporation,reports the Following for the Current Year

question 11

Multiple Choice

Trixt Inc.,an S corporation,reports the following for the current year: $$\begin{array} { | l | r | } \hline \text { Service revenue } & \$ 800,000 \\\hline \text { Dividend income } & 30,000 \\\hline \text { Wages paid to shareholder- } & \\\text { employees } & - 450,000 \\\hline \text { Charitable contributions } & - 20,000 \\\hline \text { Administrative expense } & - 130,000 \\\hline \text { Sec. 1231loss } & - 40,000 \\\hline \text { Net income } & \$ 190,000 \\\hline\end{array}$$ On its tax return,in addition to separately stated items,Trixt will report ordinary income of

• A)$210,000.
• B)$660,000.
• C)$220,000.
• D)$250,000.

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