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Required information [The following information applies to the questions displayed below.] Calculate Anaheim Corporation's excess net passive income tax in each of the following
Required information [The following information applies to the questions displayed below.] Calculate Anaheim Corporation's excess net passive income tax in each of the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) a. Passive investment income, $100,000; expenses associated with passive investment income, $40,000; gross receipts, $120,000; taxable income if a C corporation, $40,000; corporate E&P, $30,000. Excess net passive income tax
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