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Zinc Corporation is created in the current year and promptly makes an S election. How much passive income can it earn this year without fear of losing its S corporation status or being subject to the Sec. 1375 tax on excess net passive income?
Vertebrate's Circulatory System
The closed circulatory system found in vertebrates, where the heart pumps blood through vessels to deliver nutrients and oxygen to cells.
Blood Vessels
Tubes in the body through which blood flows, including arteries, veins, and capillaries.
Hemolymph
The fluid that bathes the tissues in animals with an open circulatory system (e.g., arthropods and most mollusks).
Hemocoel
Blood cavity characteristic of animals with an open circulatory system.
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