McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick

تمرين 71

Wood Corporation was a C corporation in 2010 but elected to be taxed as an S corporation in 2011. At the end of 2010, its earnings and profits were $15,500. The following table reports Wood's (taxable) income for 2011 (its first year as an S corporation).

What is Wood Corporation's excess net passive income tax for 2011