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Whirly Bird Corporation, a calendar year C corporation, had $346,000 gross income from business operations and $333,000 of allowable business expenses (other than contributions) for
Whirly Bird Corporation, a calendar year C corporation, had $346,000 gross income from business operations and $333,000 of allowable business expenses (other than contributions) for its current tax year. Whirly Bird Corporation also received $38,000 in dividends (in addition to the income mentioned above) from other domestic taxable corporations in which Whirly Bird Corporation owned 50 percent of their outstanding stock and also made $8,500 in charitable contributions. What is the amount of Whirly Bird Corporation's taxable income in 2022?
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