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Business, 03.03.2020 00:44 greenbyron88

Salamander Corporation, an S corporation, generated gross receipts for the year totaling $310,000, of which $140,000 is passive investment income (PII). Expenditures directly connected to the production of the PII total $40,000. Salamander's PII tax is:

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Salamander Corporation, an S corporation, generated gross receipts for the year totaling $310,000, o...

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