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Power Corporation Reports the Following Results

Question 40

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Power Corporation reports the following results:
Power Corporation reports the following results: 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? 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?

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