Laurie and Lodi are the owners of a toothbrush manufacturing corporation. Laurie owns 60% of the stock of DENT-LL's Corporation and Lodi owns 40%. During the current year, the toothbrush corporation has operating income of $15,000, interest income of $22,000 from investments, and losses from investments in limited partnerships of $24,000. The corporation pays $14,000 in dividends. What is DENT-LL's taxable income for the current year?
A)$ 0
B)$13,000
C)$17,000
D)$22,000
E)$37,000

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The Answer of Laurie and Lodi are the owners of a toothbrush manufacturing corporation. Laurie owns 60% of the stock of DENT-LL's Corporation and Lodi owns 40%. During the current year, the toothbrush corporation has operating income of $15,000, interest income of $22,000 from investments, and losses from investments in limited partnerships of $24,000. The corporation pays $14,000 in dividends. What is DENT-LL's taxable income for the current year?
A)$ 0
B)$13,000
C)$17,000
D)$22,000
E)$37,000

Laurie and Lodi Are the Owners of a Toothbrush Manufacturing