KLM Corporation is classified as a PHC for the current year and shows the following information on their current year tax return:
Operating profit $95000
Long-term capital gain 10,000
Short-term capital gain 4,000
Dividends 20,000
Interest 5,000
Rental Income 100,000
Dividend received deduction 16,000
Salaries expense 50,000
General and administrative expense 25000
Charitable contribution 12100
Depreciation on rental property 5,000
Maintenance expense on rental prop. 16,000
Admin. Expense on rental property 2,000
Taxable Income 2,900
Federal income taxes accrued for the current year are $29,376. Actual charitable contributions were $15,000. Dividend paid for the current year were $15,000.
a. What is KLM’s adjusted ordinary gross income (AOGI)?
b. What is KLM’s UPHCI?