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Both answers needed This year, Justin B.'s share of S corporation income includes $5,000...

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Accounting

imageBoth answers needed

This year, Justin B.'s share of S corporation income includes $5,000 of interest income, $6,000 of dividend income, and $40,000 of net income from the corporation's professional service business activity. 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? QUESTION 9 This year, Justin B.'s share of S corporation income includes $5,000 of interest income, $6,000 of dividend income, and $40,000 of net income from the corporation's professional service business activity. Assume that Justin B. does not materially participate in the S corporation. How much of his S corporation income is potentially subject to the Net Investment Income tax

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