For 2022, the Guess Trust retains all of its income items, which include only $100,000 of net
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For 2022, the Guess Trust retains all of its income items, which include only $100,000 of net investment income and $140,000 of profits from an active business operation. Guess incurs an additional tax on net investment income (NIIT) of:
a. $9,120.
b. $5,320.
c. $3,800.
d. $0.
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Related Book For
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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