Cream, Inc

question 117

Multiple Choice

Cream, Inc.'s taxable income for the current year before any deduction for an NOL carryforward of $30,000 is $70,000. Cream's qualified production activities income (QPAI) is $60,000. What is the amount of Cream's domestic production activities deduction (DPAD) for the current year?

• A)$1,200
• B)$1,800
• C)$2,400
• D)$3,600
• E)None of the above

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Definitions:

Communication Strategies

Plans of action designed to convey information effectively to a target audience.

Marketing Channels

The pathways or routes through which goods and services flow from the producer to the consumer, including physical and online distributions.

Ethnic Groups

Communities or populations sharing common cultural traits, geographical origins, linguistic backgrounds, or ancestry.

Population Growth

An increase in the number of people that reside in a country, region, or city, which can impact various aspects of society including demand for products and services.