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Exercise 20-14 (Algorithmic) (LO. 1) For 2021, the Guess Trust retains all of its income items, which include only $178,000 of net investment income
Exercise 20-14 (Algorithmic) (LO. 1) For 2021, the Guess Trust retains all of its income items, which include only $178,000 of net investment income and $64,500 of profits from an active business operation. Round your answer to the nearest dollar. Guess incurs an additional tax on net investment income (NIIT) of $
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
