Ramirez Corporation is subject to tax only in State A. Ramirez generated the following income and deductions.

Federal taxable income	$400,000
State A income tax expense deducted on the Federal return	45,000
Depreciation allowed for Federal tax purposes	300,000
Depreciation allowed for state tax purposes	250,000

Federal taxable income is the starting point in computing State A taxable income. Ramirezs A taxable income is