Fill the answer in the correcy space assuming that there is $10000 discount for the parterns Hint question 1 answered

C corporation S corporation Partnerships

100% owner basis. separate items. 100% owner ordinary income. separated items 100$% tax basis ordinary separated items 100% basis

1- Basis owners interest at 01/01/ 2022. $175000 $175,000 C corpration $175000 S corporation 100% tax basis and $175000 partnership 100% basis

2- Sales revenue $ 500000

3- Compensation of non owner employee. $90000

4- Dividends received. #200

5- Self employment 4125000

6- Tax exempt $20000

7- Charitable organization. $1000

8- Business meal 50% %500

9- Internal income from muni bonds $500

10- Rental income $ 16000

11- passive activity items $2000

12- Medical and dental expenses. $ 5000

13- Tax prefence and adjustment items. $1500

15- Foreign tax paid. $20000

16- Wages $60000

17- Government fines. $500 18- itemize deduction $1000