Assume that Clampett, Inc., has $200,000 of sales, $150,000 of cost of goods sold, $60,000 of interest income, and $40,000 of dividends. What is Clampett, Inc.'s excess net passive income?
A. $0.
B. $100,000.
C. $75,000.
D. $25,000.
E. None of the choices are correct.
Answer: D
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