Question
Calculate Anaheim Corporations excess net passive income tax in each of the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) a. Passive
Calculate Anaheim Corporations excess net passive income tax in each of the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) a. Passive investment income, $100,000; expenses associated with passive investment income, $40,000; gross receipts, $164,000; taxable income if a C corporation, $31,200; corporate E&P, $35,500 Calculate Anaheim Corporations excess net passive income tax in each of the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.)
a. Passive investment income, $100,000; expenses associated with passive investment income, $40,000; gross receipts, $164,000; taxable income if a C corporation, $31,200; corporate E&P, $35,500. Excess net passive income tax ?
b. Passive investment income, $100,000; expenses associated with passive investment income, $70,000; gross receipts, $164,000; taxable income if a C corporation, $3,400; corporate E&P, $35,500. Excess Net passive income tax?
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