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zalisa [80]
4 years ago
9

Patrick, an attorney, is the sole shareholder of Gander Corporation, a C corporation. Gander is a personal service corporation w

ith a fiscal year ending November 30 (pursuant to a § 444 election). The corporation paid Patrick a salary of $180,000 during its fiscal year ending November 30, 2018. How much salary must Gander pay Patrick during the period December 1 through December 31, 2018, to permit the corporation to continue to use its fiscal year without negative tax effects?
Business
1 answer:
Step2247 [10]4 years ago
4 0

Answer:

Therefore, the Salary that Gander Corporation Pay Patrick during the Period without Negative Tax effects is $15,000.

Explanation:

Calculation of the Salary that Gander Corporation Pay Patrick during the Period:

December 1 through December 31 of the Current Year is One Month, They have to Pay 1/12 of the following year tax:

The salary for the deferral period (December 1 through December 31) must be at least proportionate to the employee’s salary received for the fiscal year.

Gander Corporation must pay the amount to Patrick during the Period December 1 through December 31, to permit the continued use of its fiscal year without negative tax effects is as follows,

$180,000 *1/12 = $15,000

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Answer:

According to Hofstede, the extent to which subordinates accept a hierarchical system in a company is known as Power Distance.

Explanation:

Hofstede basically discussed culture and investigated it and came up six different dimensions which a culture can have. Power distance is the dimension of the culture where people follow certain systems and hierarchies of the culture. If in a culture power distance will be higher then the people will be much divided in the castes based on the power, authority and money, like if in an organisation, power distance is higher, then the workers will tend to follow and obey hierarchy very strictly, and there will be much support from the top-level management, decisions will be made fro the top even without taking lower level employees into account. However, if the power distance is low, then there will be frequent sharing of idea, thoughts and support which is the main characteristics of the creative and innovative organisations.

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3 years ago
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Answer and Explanation:

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