perating income from a business vidend income, all from U.S. corporations 0% tax rate) cerest income, City of San Antonio bonds ustee fees, deductible portion rental losses, passive activity $785,000 47,100 6,280,000 (23,550) (157,000) here to access tax table for this problem. out the tax computations to two decimal places and round the final tax liability to the nearest dollar. ute the Federal income tax liability for the Valerio Trust by providing the following amounts: mount of the trustee's gross income taxed at 20% for the Valerio Trust is rustee taxable income taxed at ordinary rates for the Valerio Trust is s ederal income tax liability for the Valerio Trust is $