Nike Inc, is a C corporation and M is a 50% owner. M is single and has no other tax information

Income from services .$100,000

Net capital loss . $2,200

Commissions paid to M $10,000

Life Insurance premium for M, payable to Ms children $300

Other operating expenses . $4,000

Ms taxable income from the corporation is

a. $100,000

b. $97,800

c. $46,000

d. $50,000

e. None