Acme corporation has 1,000 shares outstanding. joan and bill are married, and they each own 45 shares of acme. joans daughter, shirley, also owns 45 shares of acme.
joan is an equal partner with jeri in the j& j partnership, and this partnership owns 70 shares of acme.
jeri is not related to joan or bill.

how many shares of acme is shirley deemed to own under the stock attribution rules?

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)