Question: In the current year, Plum, Inc., a closely held C corporation, has $410,000 of net active income, $20,000 of portfolio income, and a $75,000 passive

In the current year, Plum, Inc., a closely held C corporation,

In the current year, Plum, Inc., a closely held C corporation, has $410,000 of net active income, $20,000 of portfolio income, and a $75,000 passive activity loss. What is Plum's taxable income for the current year if (a) Plum is a personal service corporation and (b) Plum is not a personal service corporation? a. If Plum is a personal service corporation, Plum's taxable income for the current year is $ b. If Plum is not a personal service corporation, Plum's taxable income for the current year is $

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