Assume that Clampett, Inc. has $200,000 of sales, $150,000 of cost of goods sold,$60,000 of interest income, and $40,000 of dividends. Assume that Clampett, Inc. has$1,000 of earnings and profits from prior C corporation years and that the corporate tax rate is 35%. Clampett, Inc.'s taxable income would have been $122,000 this year if it had been a C corporation. What is Clampett, Inc.'s excess net passive income tax?

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The Answer of Assume that Clampett, Inc. has $200,000 of sales, $150,000 of cost of goods sold,$60,000 of interest income, and $40,000 of dividends. Assume that Clampett, Inc. has$1,000 of earnings and profits from prior C corporation years and that the corporate tax rate is 35%. Clampett, Inc.'s taxable income would have been $122,000 this year if it had been a C corporation. What is Clampett, Inc.'s excess net passive income tax?

Assume That Clampett, Inc