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according to the following 2017 data for floyd company, a closely held corporation, what is its taxable income? Net passive loss. $5,000 Net active income.

according to the following 2017 data for floyd company, a closely held corporation, what is its taxable income?

Net passive loss. $5,000 Net active income. $3,000 Net portfolio income $4,000

A. $2,000 B. $3,000 C. $4,000 D. $7,000

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