A corporation has the following income during its taxable year: Net income from operations $155,000 Wholly exempt interest $10,000 Dividents from domestic corporations (based on less than 20% stock

A corporation has the following income during its taxable year:

Net income from operations $155,000

Wholly exempt interest $10,000

Dividents from domestic corporations (based on less than 20% stock holdings) $1,000

Domestic production activity income $155,000

Assume W-2 wages of $400,00

Compute its tax wages for the year.

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