Compute the federal income tax liability

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Reference no: EM13129367

Compute the Federal income tax liability for the Kim Trust. The trustee reports the following transactions for the 2011 tax year. The trustee accumulates all accounting income for the year.
Operating income from a business $400000
Dividend income, all from US corporations 70000
Interest income, city of San Antonio bonds 40000

Reference no: EM13129367

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