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Assume that Zepp, Incorporated, has $180,000 in sales, $120,000 in cost of goods sold, $20,000 in interest income, and $80,000 in dividends. Zepp has been
Assume that Zepp, Incorporated, has $180,000 in sales, $120,000 in cost of goods sold, $20,000 in interest income, and $80,000 in dividends. Zepp has been an S corporation from its inception. Assume that the corporate tax rate is 21 percent. What is Zepp Incorporated's excess net passive income tax?
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Financial Reporting And Analysis Using Financial Accounting Information
Authors: Charles H Gibson
12th Edition
1439080607, 978-1439080603
