What is the passive investment income tax on an S corporation that has gross receipts of $200,000,

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What is the passive investment income tax on an S corporation that has gross receipts of $200,000, passive investment income of $80,000, and expenses of $10,000 directly connected to the production of the passive income?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 03:05 AM

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What is the passive investment income tax on an S corporation that has gross receipts of $200,000,

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CCH Federal Taxation Basic Principles 2020

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