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Question 4 10 pts Coconut, an individual, is the sole shareholder of Tropical Fruit Corporation, a U.S. based corporation. Coconut also owns the office building

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Question 4 10 pts Coconut, an individual, is the sole shareholder of Tropical Fruit Corporation, a U.S. based corporation. Coconut also owns the office building that serves as corporate headquarters for Tropical Fruit Corporation. Last year, Tropical Fruit Corporation paid $3,000,000 annual rent to Coconut for use of the building. Tropical Fruit Corporation's marginal tax rate was 21% and Coconut's marginal tax rate on ordinary income was 37% Also, Coconut's qualified dividend rate was 20% The revenue agent who audited Tropical Fruit Corporation's retum concluded that the fair rental value of the office bulldiny was $2,250,000. What is the net increased amount of Coconut and Tropical Fruit Corporation's combined income tax liability as a result of this audit conclusion? $30.000 5157.500 5127.500 $22.500

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