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Truman Corp., a calendar year closely held C corporation that is not a PSC , has $ 5 5 , 0 0 0 of net

Truman Corp., a calendar year closely held C corporation that is not a PSC, has $55,000
of net active income; $10,000 of portfolio income; and a $20,000 loss from a passive
activity.
a. What is Truman's TI for the year?
b. What if Truman is a PSC?
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