For 2017, the Guess Trust retains all of its income items, which include only $100,000 of net

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For 2017, the Guess Trust retains all of its income items, which include only $100,000 of net investment income and $40,000 of profits from an active business operation. Guess incurs an additional tax on net investment income (NIIT) of:

a. $5,320.

b. $3,800.

c. $3,325.

d. $0.

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: May 24, 2018 01:00 AM

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For 2017, the Guess Trust retains all of its income items, which include only $100,000 of net

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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