McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 58

Assume the following S corporations and gross receipts, passive investment income, and corporate E P.Will any of these corporations have its Selection terminated due to excessive passive income? If so, in what year? All became S corporations at the beginning of year 1.a.Clarion Corp.
b.Chanson Corp.
c.Caillou Corp.
d.Colline Corp