Question: ANSWER Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35404-INTERNATIONAL TAXATION - III e E JAIN 221VMCRO0177 JGi BALWINDER SINGH DANG SEMED TO BE UNIVERSITY

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Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35404-INTERNATIONAL TAXATION - III e E JAIN 221VMCRO0177 JGi BALWINDER SINGH DANG SEMED TO BE UNIVERSITY Subject : 21VMC35404-INTERNATIONAL TAXATION - III Exam Start Time : 15/11/2024 10:21 AM Duration : 200 Minutes Hide Palette 1. Paige, a 25% shareholder in an S corporation, had a stock basis of $10,000 at the beginning of the year. The corporation had ordinary income of $200,000 for the year. There were no separately stated items. Paige received wages from the corporation of $25,000 and a Time Left: 177:52 distribution of $30,000. What was Paige's basis in the stock at year end? O A. $0 2 6 10 12 O B. $5,000 13 15 16 17 18 O C. $30,000 19 20 21 22 23 24 O D. $35,000 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 46 47 48 49 150 - Unanswered - Answered 10:23 Type here to search 9 (" () ENG 15-11-2024 56

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