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QUESTION 6 Wildcat Corp, which is a personal holding company, has the following results Taxable income $200,000 Dividends-received deduction 30,000 Excess current year charitable contributions

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QUESTION 6 Wildcat Corp, which is a personal holding company, has the following results Taxable income $200,000 Dividends-received deduction 30,000 Excess current year charitable contributions over 10% limit 10,000 Long-term capital gains 10,000 Federal income taxes 42,000 Calculate the PHC tax. A) $33,600 B) $31,920 C) $34,020 D) $38,020

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