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I already have the answer to this because it is from a practice exam but I am struggling with the calculation. Can you help me?
A corporation reports the following information for the current year:
The operating expenses for the corporation include $100,000 in wages paid in the United States reported in box 1 of the company's Form W-3. Gross income and expenses are from domestic production activities.
What is the amount of the corporation's domestic production activity deduction?
$31,500
$32,400
$36,000
$50,000