Janet owns 50% of Company X. In year 1, ordinary income in Company X amounted to 8,000,000.
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Janet owns 50% of Company X. In year 1, ordinary income in Company X amounted to 8,000,000. Janet is the general manager of Company X, and for this work she received a special remuneration of 1,500,000. Janet takes this amount out in cash .Calculate ordinary income and personal income for Janet regarding the company participation in year 1.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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