Answer:
True
Explanation:
While a sole proprietor is expected to report his business income or loss on his personal tax form as the business is not considered for separate tax , a c corporation shareholders are taxed based on the dividends received from the business profit and the entire profit taxed for the corporation tax.
As no profit was distributed to the owners , there was no personal tax basis for Lucy but only the corporation tax that will be charged on the business net profit.This could have been a tax avoidance method adopted by Lucy to reduce his tax liabilities as a sole share holder.
The answer is c because it’s financial manager
I know that its a big number. I'm thinking its around 75-80%
Answer:
$4,600
Explanation:
Casualty loss deduction = Adjusted basis - insurance compensation = 5800-1200= $4,600
Answer:
designing information systems
Explanation:
knowledge management system are system designed to managed the knowledge of a company. The design of IT Systems is not under it scope.