Question 4 of 15. Which of these shareholder-employees seems to be receiving reasonable compensation for their...
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Question 4 of 15. Which of these shareholder-employees seems to be receiving reasonable compensation for their full-time position running the S corporation on a daily basis? O Ashlynn is the only shareholder-employee of an S corporation that makes $213,179 a year. She paid herself a salary of $56,321, which is comparable to other employees in her field of work. Boniface is one of six shareholder-employees of an S corporation with a fireworks superstore that makes $348,792 a year. He pays himself a salary of $20,000 for his full-time position running the company on a daily basis. no O Quintin is an optometrist who owns an S corporation with two other shareholders that makes $553,468 a year. He pays himself a salary of $53,467. Comparable optometrist salaries range from $110,000 to $150,000. Question 4 of 15. Which of these shareholder-employees seems to be receiving reasonable compensation for their full-time position running the S corporation on a daily basis? O Ashlynn is the only shareholder-employee of an S corporation that makes $213,179 a year. She paid herself a salary of $56,321, which is comparable to other employees in her field of work. Boniface is one of six shareholder-employees of an S corporation with a fireworks superstore that makes $348,792 a year. He pays himself a salary of $20,000 for his full-time position running the company on a daily basis. no O Quintin is an optometrist who owns an S corporation with two other shareholders that makes $553,468 a year. He pays himself a salary of $53,467. Comparable optometrist salaries range from $110,000 to $150,000.
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Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
Posted Date:
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