Tamara Operates a Natural Gas Sole Proprietorship That Incurred $68,000

question 83

Multiple Choice

Tamara operates a natural gas sole proprietorship that incurred $68,000 of intangible drilling costs (IDC) in the current year.Her sole proprietorship's net natural gas income for the year is $72,000. What is the sole proprietorship's current year IDC preference?

• A)$6,800.
• B)$10,800.
• C)$14,400.
• D)$46,800.