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Question: according to the following 2017 data for floyd company a...

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according to the following 2017 data for floyd company, a closely held corporation, what is its taxable income?

Net passive loss.        $5,000
Net active income.     $3,000
Net portfolio income $4,000

A. $2,000
B. $3,000
C. $4,000
D. $7,000

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