Kee holding corp. has eighty unrelated equal stock-holders. for the year ended december 31, 2019, kee's income comprised the following: net rental income $ 1,000 commissions earned on sales of franchises 3,000 dividends from taxable domestic corporations 90,000 deductible expenses for 2019 totaled $10,000. kee paid no dividends for the past three years. kee's liability for personal holding company tax for 2019 will be based on undistributed personal holding company income

$84,000

Explanation:

Based on the Data provided, the Total Income for Kee Holding Corporation is $94,000 whereas the Total Expenses are $10,000. This expense for $10,000 will be deducted for calculating tax on undistributed personal holding company income because it is a Deductible Expense and Deductible Expenses are allowed to be deducted when calculating Tax liability.  

Rental Income $ 1,000.00  

Commissions  $ 3,000.00  

Dividends  $ 90,000.00  

Total Income  $ 94,000.00  

Deductible Expenses $ 10,000.00  

Net Income  $ 84,000.00

answer; i believe the correct answer is (75 years);