Business
Business, 05.08.2021 01:00, libertycooper

James is the sole shareholder of Peachy, Inc., a C Corporation. At the end of the current tax year, James has a basis of $20,000 in his stock of Peachy. Peachy, Inc. has $30,000 of current and accumulated earnings and profits remaining at the end of the year. Instead of having Peachy, Inc. pay himself a dividend, he instead has Peachy, Inc. pay his daughter's upcoming college tuition bill of $30,000. Peachy, Inc. deducts the $30,000 as an ordinary and necessary business expense. The tax result of this will likely be:

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 17:20, Ddom
Your aunt is thinking about opening a hardware store. she estimates that it would cost $300,000 per year to rent the location and buy the stock. in addition, she would have to quit her $45,000 per year job as an accountant. a. define opportunity cost. b. what is your aunt's opportunity cost of running a hardware store for a year? if your aunt thought she could sell $350,000 worth of merchandise in a year, should she open the store? explain.
Answers: 2
image
Business, 22.06.2019 12:30, o11011195
Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying
Answers: 1
image
Business, 22.06.2019 21:10, kalawson2019
You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?
Answers: 1
image
Business, 22.06.2019 21:40, koryn4880
Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.
Answers: 3
Do you know the correct answer?
James is the sole shareholder of Peachy, Inc., a C Corporation. At the end of the current tax year,...

Questions in other subjects: