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Rejoice, Inc., a private foundation, has existed for 10 years. Rejoice held undistributed income of $270,400 at the end of its 2017 tax year. Of
Rejoice, Inc., a private foundation, has existed for 10 years. Rejoice held undistributed income of $270,400 at the end of its 2017 tax year. Of this amount, $162,240 was distributed in 2018, and $108,160 was distributed during the first quarter of 2019. The IRS mailed a deficiency notice to Rejoice on August 1, 2019, relating to the entity's undistributed income.
The initial tax on the 2017 undistributed taxable income for 2018 is ____and for 2019 is ____?
The additional tax for 2020 is ___?
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