Answer:
$0
Explanation:
Tax payers can elect to use either standard deduction or itemized deduction to reduce their taxable income, for them to pay least amount of tax on their taxable income. Standard deduction is calculated and given in accordance with the provision of the tax law while itemized deduction is a list of items that the tax payer has incurred and expecting to except from tax, examples of this includes donation to charities and interest paid on mortgage.
Taxpayers normally elect the higher of standard deduction and itemized deduction to reduce their tax liability to the lowest.
In the case of Buddy Slaton, electing for itemized deduction of contributing to church($3,000) will save her no tax since the standard deduction is greater ($,5450).
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<span>Individual shareholders will have the right to
receive dividends declared. They can sell their shares and have the right to
purchase issued shares. They can vote on the directors nominated by the board.
They also have the right to the remaining assets after liquidation. </span>
