1. Assume the following facts about a Nevada property and calculate the total taxable income after computing depreciation) and tax in each of the following circumstances, including, as applicable, federal entity level and dividend tar, net investment income and passthrough deduction: (use separate excel or worksheets if necessary) Apartment complex has the following attributes: Rental income Property expenses Interest expense $20,000 $ 10,000 $ 5,000 Land Basis $ 40,000 Building Basis $ 160,000 Debt $ 100,000 Equity $ 100,000 la) What is the taxable income and tax expense for an individual who receives 50% of the taxable income from an LLC which is taxed as a partnership? 16) What is the taxable income and tax expense for an private foundation (e.g. the Bill and Melinda Gates Foundation) who receives 50% of the taxable income from an LLC which is taxed as a partnership? le) What is the taxable income and tax expense for a private pension plan (e.g. GE Pension) that is considered a qualified nonprofit organization who receives 50% of the taxable income from an LLC which is taxed as a partnership (provide the answer assuming the LLC is fractions rule compliant and if it violates the fractions rule)? 1. Assume the following facts about a Nevada property and calculate the total taxable income after computing depreciation) and tax in each of the following circumstances, including, as applicable, federal entity level and dividend tar, net investment income and passthrough deduction: (use separate excel or worksheets if necessary) Apartment complex has the following attributes: Rental income Property expenses Interest expense $20,000 $ 10,000 $ 5,000 Land Basis $ 40,000 Building Basis $ 160,000 Debt $ 100,000 Equity $ 100,000 la) What is the taxable income and tax expense for an individual who receives 50% of the taxable income from an LLC which is taxed as a partnership? 16) What is the taxable income and tax expense for an private foundation (e.g. the Bill and Melinda Gates Foundation) who receives 50% of the taxable income from an LLC which is taxed as a partnership? le) What is the taxable income and tax expense for a private pension plan (e.g. GE Pension) that is considered a qualified nonprofit organization who receives 50% of the taxable income from an LLC which is taxed as a partnership (provide the answer assuming the LLC is fractions rule compliant and if it violates the fractions rule)