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Mayberry, Inc

Question 99

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Mayberry, Inc. engages in production activities that generate QPAI of $460,000 and taxable income (without taking into account the DPAD and NOL) of $600,000 in 2016. The company also has an NOL carryover to 2016 of $500,000 and qualified W-2 wages of $300,000. Calculate any DPAD.

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$9,000. Multiply 9% by the lesser of QPA...

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