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During 2013, an S corporation incurs the following transactions.
Interest income from savings account: $28,000
Long-term capital gain from sale of securities: $54,000
Short-term capital loss from sale of securities:$ 44,000
The corporation's passive investment income for 2013 is:
a. $28,000
b. $38,000
c. $82,000
d. $142,000
e. None of the above
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