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Thomas had the following income: Wages $175,000 Dividend income $20,000 Interest income $5,000 Royalty income $7,000 Active partnership income $12,000 Active single member LLC income $5,000 What is his net investment income? $224,000 $44.000 $32.000 $19.000 $37.000

Thomas had the following income: Wages $175,000 Dividend income $20,000 Interest income $5,000 Royalty income $7,000 Active partnership income $12,000 Active single member LLC income $5,000 What is his net investment income? $224,000 $44.000 $32.000 $19.000 $37.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Thomas had the following income: Wages $175,000 Dividend income $20,000 Interest income $5,000 Royalty income $7,000 Active partnership income $12,000 Active single member LLC income $5,000 What is his net investment income? $224,000 $44.000 $32.000 $19.000 $37.000
Transcribed Image Text:Thomas had the following income: Wages $175,000 Dividend income $20,000 Interest income $5,000 Royalty income $7,000 Active partnership income $12,000 Active single member LLC income $5,000 What is his net investment income? $224,000 $44.000 $32.000 $19.000 $37.000
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