Barbara owns 40% of Partnership A and 40% of C Corp B. Each entity has $100,000 of net taxable income. Neither entity makes any distributions. What are the tax consequences to Barbara from each of her investments? Will either entity have to pay tax for the year.? If so, how much assuming a 21% tax rate for the corporation and 37% for Barbara?

Answer rating: 100% (QA)

10000021 21000 Explanation Since the two companies ... View the full answer