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Flint an s corporation with substantial aep reports

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Reference no: EM13576097

Flint, an S corporation with substantial AEP, reports operating revenues of $410,000, taxable interest income of $390,000, operating expenses of $260,000, and deductions attributable to the interest of $150,000. Calculate any passive investment income penally tax payable.

Reference no: EM13576097

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