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Rajib is the sole shareholder of Robin Corporation, an S corporation. Robin Corporation earned $520,000 of gross income, had $170,000 in operating expenses, and distributed

Rajib is the sole shareholder of Robin Corporation, an S corporation. Robin Corporation earned $520,000 of gross income, had $170,000 in operating expenses, and distributed $80,000 to Rajib. What should Rajib report as income on his Federal income tax return?

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