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Question Content AreaPepper, Inc., an S corporation, holds a $ 1 million balance in accumulated E&P . It reports sales revenues of $ 4 0

Question Content AreaPepper, Inc., an S corporation, holds a $1 million balance in accumulated E&P. It reports sales revenues of $400,000, taxable interest of $380,000, operating expenses of $250,000, and deductions attributable to the interest income of $140,000. What is Pepper's passive income penalty tax payable, if any?

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