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Home Improvement (not a personal service corp) has accumulated earnings of about 200,000 and current earnings of 400,000 Landscaping corp dividends paid deduction is 60,000

Home Improvement (not a personal service corp) has accumulated earnings of about 200,000 and current earnings of 400,000 Landscaping corp dividends paid deduction is 60,000 and reasonable business needs amount to 375,000.

  1. Find Home Improvements accumulated earnings credit

  2. If Home Improvement also had after-tax net capital gains totaling 140,000 determine Home Improvements accumulated earnings credit.

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