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Problem 15-20 (Algorithmic) (LO. 5) Gray, Inc., a private foundation, reports the following items of income and deductions. If required, round your final answers to

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Problem 15-20 (Algorithmic) (LO. 5) Gray, Inc., a private foundation, reports the following items of income and deductions. If required, round your final answers to the nearest dollar. a. The net investment income is \$ b. The tax on net investment income is $

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