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Serjik [45]
2 years ago
12

Is the sole shareholder of a corporation. for the past five years, has reported little or no taxable income as a result?

Business
1 answer:
OleMash [197]2 years ago
5 0

For the past five years, Logan has reported little to no taxable income because he paid Graham a salary of $500,000 a year.

Multiply that result by the number of shares held for each individual shareholder. Complete Appendix K, the form companies must submit to list the amount of income attributable to each shareholder for the tax year.

The gross S Corporation income (or loss) reported in Appendix E is included in the income from rentals, royalties, partnerships, S Corporations, trusts, etc. section of an individual's Form 1040.

S corporation tax rate refers to the federal, state, and local personal income taxes an S corporation must pay. S Corporation owners must pay state and local income taxes ranging from 0% to 13.3% and a maximum federal income tax of 39.6%.

Learn more about shareholder at

brainly.com/question/25686394

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Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the followin
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Answer:

a. Yum Co. uses cash to repurchase 10% of its common stock. (Financing activity)

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Explanation:

Cash flow statement shows how cash is used and obtained in a business. There are different activities that influence cash flow. Below are the activities:

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3 0
3 years ago
Statement Of Owner's Equity Jay Pembroke started a business in April. Prepare a Statement of Owner's Equity using the following
Dovator [93]

Answer:

$2,433

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where,

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therefore,

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Imagine you are the manager of the housekeeping department of the local hospital. Recently, you have noticed that your worker’s
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A bowling alley charges each person $2 to rent shoes and $3 per game. Which function represents The rate of change of the functi
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Answer:

The function is, y = 2 + 3x

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Explanation:

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