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The entity reports the following transactions for the 2020 tax year. The trustee accumulates all accounting income for the year. Operating income from a business

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The entity reports the following transactions for the 2020 tax year. The trustee accumulates all accounting income for the year. Operating income from a business $855,000 51,300 Dividend income, all from U.S. corporations (20% tax rate) Interest income, City of San Antonio bonds 6,840,000 Fiduciary fees, deductible portion (25,650) (171,000) Net rental losses, passive activity Click here to access tax table for this problem. Carryout the tax computations to two decimal places and round the final tax liability to the nearest dollar. Compute the Federal income tax liability for the Valerio Trust by providing the following amounts:

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