Answer: See explanation
Explanation:
A. Chaz has a taxable dividend of $10,755 and the corporation has a deduction of $0.
It should be noted that the dividend will be taxable once it gets to the receivers hand while the corporation will have a deduction of 0
B. The corporate payment to Chaz totals $11472. Chaz has interest of $4302 and a note repayment of $7170 of which $4302 is taxable to Chaz. The corporation has a deduction of $4302
Notes:-
Interest = $71700 × 6%
= $71700 × 0.06
= $4302
Total repayment:
= First installment + Interest
= $7170 + $4302
= $11472
Answer:
A general lien is one placed against any and all real and personal property owned by a particular debtor. An example is an inheritance tax lien placed against all property owned by the heir. A specific lien attaches to a single item of real or personal property, and does not affect other property owned by the debtor.
Explanation:
Realtors only sell land, housing and buildings.
$29,150 is the correct answer
$26,550 + $1500 + $400 + $700 = $29,150
