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Business, 17.12.2021 03:30 bjpvrpow74wq
Divine Corporation (an S corporation) has Subchapter C accumulated earnings and profits of $20,000 and for the current year has gross receipts of $80,000, of which $50,000 is interest income. Expenses incurred in the production of this passive income totaled $10,000. How much is Divine Corporation's Excess Net Passive Income
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Divine Corporation (an S corporation) has Subchapter C accumulated earnings and profits of $20,000 a...
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