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any Taxes monoclobe 18-21 U Srb aittoi 39. Comprehensive Problem. Marital Aids Inc. KENYA reported the following results last year: 2011 od now nolabab Gross

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any Taxes monoclobe 18-21 U Srb aittoi 39. Comprehensive Problem. Marital Aids Inc. KENYA reported the following results last year: 2011 od now nolabab Gross income from sales $50,000 bris bor i Salaries 20,000 motoquo Overhead 25,000 s plinois Capital gainsbo 200,000 2003 oldova Net operating loss from previous year 30,000 ulated as Dividends from U.S. sources 40,000 ings Tax-exempt interest 10,000 va of orhide Taxable interest 35,000 ated Income tax paid (including $59,650 62,050 on capital gains) DO S-ORIEE- Olovo 992) POT S-1 If the corporation has only four individual shareholders, compute the following: a. Adjusted ordinary gross income. b. Personal holding company income. tion c Undistributed personal holding company income. d. Current dividend required to avoid personal holding company tax. What impact would it have if taxable interest was only $12,000 and there was no NOL carryover? e. asona

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