Power Corporation Reports the Following Results At the End of the Year, Power's Subchapter C E&P

Essay

Power Corporation reports the following results:
$\begin{array}{ll}\text { Service income (not passive income) } & \$ 40,000 \\\text { Dividend income } & 30,000 \\\text { Interest income } & 60,000 \\\text { Passive income-related expenses } & 20,000 \\\text { Other expenses } & 50,000\end{array}$ At the end of the year, Power's Subchapter C E&P is $50,000. What is Power Corporation's excess net passive income and its excess net passive income tax for the year?