Multiple Choice
Jason,an architect,is the sole shareholder of Purple Corporation,a personal service corporation.The corporation paid Jason a salary of $120,000 during its fiscal year ending November 30,2010.How much salary must Purple pay Jason during the period December 1 through December 31,2010,to permit the corporation to continue to use its fiscal year without negative tax effects?
A) $10,000.
B) $20,000.
C) $110,000.
D) $120,000.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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