Mike contracted with kram company, mike's controlled corporation. mike was a medical doctor and the contract provided that he would work exclusively for the corporation. no other doctor worked for the corporation. the corporation contracted to perform an operation for rosa for $8,000. the corporation paid mike $6,500 to perform the operation under the terms of his employment contract. a. mike's gross income is $6,500.b. mike must recognize the $8,000 gross income because he provided the service. c. mike must recognize $8,000 gross income since the patient obviously wanted him to perform the operation. d. the kram company corporation's gross income is $1,500.e. none of these.
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Mike contracted with kram company, mike's controlled corporation. mike was a medical doctor and the...
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