Question: Rejoice, Inc., a private foundation, has existed for 10 years. Rejoice held undistributed income of $270,400 at the end of its 2017 tax year. Of this amount, $162,240 was distributed in 2018, and $108,160 was distributed during the first quarter of 2019. The IRS mailed a deficiency notice to Rejoice on August 1, 2019, relating to the entity's undistributed income.
Calculate the initial tax on the 2017 undistributed taxable income for 2018 and 2019?
Calculate the additional tax for 2020?
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