Purple Corporation, a personal service corporation, earns active income of $600,000. The corporation receives
$60,000 in dividends and incurs a loss of $100,000 from an investment in a passive activity acquired three years ago. What is Purple's income after considering the passive investment?

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The Answer of Purple Corporation, a personal service corporation, earns active income of $600,000. The corporation receives
$60,000 in dividends and incurs a loss of $100,000 from an investment in a passive activity acquired three years ago. What is Purple's income after considering the passive investment?

Purple Corporation, a Personal Service Corporation, Earns Active Income of $600,000