For 2019, the Guess Trust retains all of its income items, which include only $100,000 of net
Question:
For 2019, 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. $4,837.
b. $3,800.
c. $3,316.
d. $0.
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Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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