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For each scenario, calculate the adjusted ordinary gross income (AOGI), the personal holding company income (PHCI), and the personal holding company (PHC) as a percent

For each scenario, calculate the adjusted ordinary gross income (AOGI), the personal holding company income (PHCI), and the personal holding company (PHC) as a percent of AOGI. Then determine whether the corporation is a personal holding company. (Complete all input fields. Enter a 0 for zero amounts. Round percentages to one decimal place, X.X%.) Gross income Minus: Ordinary gross income (OGI) Minus: Adjusted ordinary gross income (AOGI) PHC income (PHCI) PHC as a percent of AOGI PHC? Scenario 1 Scenario 2 Scenario 3 Scenario 4 % % % % Scenarios Item Scenario 1 Scenario 2 Scenario 3 Scenario 4 Gross profit from sales 60,000 $ 80,000 $ 75,000 $ 60,000 Capital gains 0 13,000 13,000 15,000 Taxable interest income 14,000 28,000 26,000 6,000 Dividends received 13,000 14,000 5,000 0 Rental income 90,000 140,000 0 0 Copyright royalties 0 10,000 30,000 0 Personal service income 0 0 0 70,000 Rent-related expenses 25,000 30,000 0 0 Copyright-related expenses 0 0 22,000 0 Dividends paid 9,000 9,000 7,000 12,000

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