This year, Justin B.'s share of S corporation income includes $5,000 of interest income, $6,500 of dividend income, and $45,000 of net income from the corporation's professional service business activity. 8. Assume that Justin B. materially participates in the S corporation. How much of his S corporation income is potentially subject to the net investment income tax? S-Corporation income subject to net investment income tax
This year, Justin B.'s share of S corporation income includes $5,000 of interest income, $6,500 of dividend income, and $45,000 of net income from the corporation's professional service business activity. 8. Assume that Justin B. materially participates in the S corporation. How much of his S corporation income is potentially subject to the net investment income tax? S-Corporation income subject to net investment income tax
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 15DQ
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This year, Justin B's share of S corporation income includes $5,000 of interest income, $6,500 of dividend income, and
$45,000 of net income from the corporation's professional service business activity.
a. Assume that Justin B. materially participates in the S corporation. How much of his S corporation income is potentially subject to the
net investment income tax?
S-Corporation income subject to net investment income tax](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F548f144b-9127-46bb-ba4e-7cbbebe00421%2F6ebf8119-57f6-4990-917a-43a08209776b%2Flep6wp9_processed.jpeg&w=3840&q=75)
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Required information
[The following information applies to the questions displayed below]
This year, Justin B's share of S corporation income includes $5,000 of interest income, $6,500 of dividend income, and
$45,000 of net income from the corporation's professional service business activity.
a. Assume that Justin B. materially participates in the S corporation. How much of his S corporation income is potentially subject to the
net investment income tax?
S-Corporation income subject to net investment income tax
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