As of January 1 of the current year, Kane owned all the 100 issued shares of Manning Corp., a calendar
year S corporation. On the 41st day of the year, Kane sold 25 of the Manning shares to Rodgers. For the
current year ended December 31 (a 365-day calendar year), Manning had $73,000 in nonseparately
stated income and made no distributions to its shareholders. What amount of nonseparately stated
income from Manning should be reported on Kane's current year tax return?
A. $56,750
B. $54,750
C. $16,250
D. $0
Answers: 2
Business, 22.06.2019 10:50, Nicki3729
The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?
Answers: 3
Business, 22.06.2019 17:30, chrisd2432
Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
Answers: 2
As of January 1 of the current year, Kane owned all the 100 issued shares of Manning Corp., a calend...
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