For 2019, the Guess Trust retains all of its income items, which include only $100,000 of net

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For 2019, the Guess Trust retains all of its income items, which include only $100,000 of net investment income and $40,000 of profits from an active business operation. Guess incurs an additional tax on net investment income (NIIT) of:

a. $4,837.

b. $3,800.

c. $3,316.

d. $0.

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: Sep 19, 2019 01:31 PM

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For 2019, the Guess Trust retains all of its income items, which include only $100,000 of net

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South-Western Federal Taxation 2020 Comprehensive

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