Compute the Federal income tax liability for the Valerio Trust. The entity reports the following transactions for the $2023$ tax year. The trustee accumulates all accounting income for the year.

Operating income from a business $$500,000$

Dividend income, all from U$.$S Corporations $(20\%$ tax rate$)30,000$

Interest income, city of San Antonio bonds $40,000$

Trustee fees, deductible portion $(15,000)$

Net rental losses, passive activity $(100,000)$