For 2021, the Guess Trust retains all of its income items, which include only $100,000 of net

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For 2021, the Guess Trust retains all of its income items, which include only $100,000 of net investment income and $140,000 of profits from an active business operation. Guess incurs an additional tax on net investment income (NIIT) of:

a. $9,120.

b. $5,320.

c. $3,800.

d. $0.

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357519240

45th Edition

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

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Question Posted: May 22, 2023 04:30 AM

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For 2021, the Guess Trust retains all of its income items, which include only $100,000 of net

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

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