Rohan, Inc A)$44,550
B)$62,850

question 55

Multiple Choice

Rohan, Inc., a calendar year closely held corporation, is not a PHC. If the company reports the following items, the accumulated taxable income is: $$\begin{array} { l r } \text { Taxable income } & \$ 200,000 \\\text { Long-term capital gain (net of tax) } & 18,300 \\\text { Federal income tax on LTCG } & 11,700 \\\text { Dividends received deduction } & 18,000 \\\text { Accumulated earnings credit } & 90,000 \\\text { Federal income taxes } & 65,150\end{array}$$

• A)$44,550.
• B)$62,850.
• C)$80,850.
• D)$109,700.
• E)None of the above.

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