Multiple Choice
Leonor is the financial vice-president and owns 60% of Ruston Co. Ruston is an S corporation and reports taxable income of $200,000, before Leonor's salary. Leonor receives a $50,000 salary. What is Leonor's income from Ruston?
A) $50,000
B) $120,000
C) $140,000
D) $170,000
Correct Answer:
Verified
Correct Answer:
Verified
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