Calculate Cocoa Corporations excess net passive income tax in each of the following alternative scenarios.

a. Passive investment income, $200,000; expenses associated with passive investment income, $95,000; gross receipts, $210,000; taxable income if it were a C corporation, $80,000; corporate E&P, $0.

b. Passive investment income, $120,000; expenses associated with passive investment income, $80,000; gross receipts, $131,000; taxable income if it were a C corporation, $35,000; corporate E&P, $45,000.

c. Passive investment income, $125,000; expenses associated with passive investment income, $67,000; gross receipts, $160,000; taxable income if it were a C corporation, $28,000; corporate E&P, $1,000.