Graphics Corporation is owned 30% by John; 20% by Susan (John's wife); 25% by John's father,...
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Graphics Corporation is owned 30% by John; 20% by Susan (John's wife); 25% by John's father, Bill; 5% by Lori; and 5% by Brad. Lori and Brad are John and Susan's children. Family members are a spouse, brothers and sisters, (including half siblings), parents, grandparents, children, and grandchildren. The remaining 15% of Graphics is owned by unrelated shareholders. Bill is considered to own what percentage of stock in Graphics Corporation? (Note: Constructive stock ownership attributed to a taxpayer from a family member (indirect ownership) cannot be reattributed to another related party.) O A. 35% O B. 60% O C. 65% O D. 75% Graphics Corporation is owned 30% by John; 20% by Susan (John's wife); 25% by John's father, Bill; 5% by Lori; and 5% by Brad. Lori and Brad are John and Susan's children. Family members are a spouse, brothers and sisters, (including half siblings), parents, grandparents, children, and grandchildren. The remaining 15% of Graphics is owned by unrelated shareholders. Bill is considered to own what percentage of stock in Graphics Corporation? (Note: Constructive stock ownership attributed to a taxpayer from a family member (indirect ownership) cannot be reattributed to another related party.) O A. 35% O B. 60% O C. 65% O D. 75%
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