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What is the minimum dividend payment necessary

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Reference no: EM133125056

Question - Greater Camak Properties, Inc. last year generated:

Rental income $210,000

Interest, taxes, and depreciation allocable to rent 130,000

Dividends 45,000

Section 1231 gains 20,000

Required - What is the minimum dividend payment necessary to negate any personal holding company tax?

Reference no: EM133125056

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