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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
23.            Â
The Dolce Estate reports the following items for the current tax year.
Â
|
Dividend income |
$ Â 50,000 |
|
Taxable interest income |
8,000 |
|
Passive activity income |
30,000 |
|
Tax-exempt interest income |
12,000 |
|
Distributable net income |
$100,000 |
Â
Dolce’s two noncharitable income beneficiaries, Brenda and Del, receive cash distri- butions of $20,000 each. How much of each class of income is deemed to have  been distributed to Brenda? To
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