Essay
If part of a shareholder/employee's salary is classified as unreasonable, determine the effect on the:
a. Shareholder/employee's gross income.
b. Corporation's taxable income.
Correct Answer:
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long-term capital gains.
b. Salaries are...View Answer
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Correct Answer:
Verified
long-term capital gains.
b. Salaries are...
b. Salaries are...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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