Multiple Choice
Marty owns 30% of the stock of Myron Corporation. Myron reports taxable income of $100,000 and pays $80,000 in dividends to shareholders. What is Marty's income from Myron Corporation?
A) $-0-
B) $24,000
C) $30,000
D) $54,000
E) $80,000
Correct Answer:
Verified
Correct Answer:
Verified
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