Potter Corporation reports the following results for the current year:
Operating income $40,000
Dividend income 35,000
Interest income 25,000
Other expenses 25,000
Passive income-related expenses 20,000
At the end of the year, Potter's Subchapter C E&P is $50,000. What is the amount of Potter's excess net passive income?

Question

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The Answer of Potter Corporation reports the following results for the current year:
Operating income $40,000
Dividend income 35,000
Interest income 25,000
Other expenses 25,000
Passive income-related expenses 20,000
At the end of the year, Potter's Subchapter C E&P is $50,000. What is the amount of Potter's excess net passive income?

Potter Corporation Reports the Following Results for the Current Year