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This year Jack bought a 5 percent interest (5 shares) in XYZ, an S corporation that files as a calendar-year taxpayer. The S corporation income

This year Jack bought a 5 percent interest (5 shares) in XYZ, an S corporation that files as a calendar-year taxpayer. The S corporation income was $160,000. How much will be reported to Jack on his 1120S Schedule K-1?

Group of answer choices

a. $0.

b. $3,033.

c. $3,353.

d. $8,000.

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