Question: Home Insert Draw Layout Review View ( Document 9 Calibri Regular (Bo 11 B I U BA BA EEVEE Question 1. (77). Donor Corporation had

Home Insert Draw Layout Review View ( Document 9
Home Insert Draw Layout Review View ( Document 9 Calibri Regular (Bo 11 B I U BA BA EEVEE Question 1. (77). Donor Corporation had the following income and deductions for last year: Sales $5,000,000 Cost of goods sold 3,500,000 Other operating expenses 800,000 Dividends (from 5 percent owned domestic corporations). 100,000 Donor Corporation also made contributions (not included above) to qualifying charitable organizations of $175,000. Determine Donor Corporation's taxable income for the year. Question 2 (87.)The matrix below shows the stock ownership in four corporations by four unrelated individuals: Shareholder Percentages of Stock Owned in Corporations A B C D 10 5 10 20 30 40 30 DWNH 10 30 15 10 20 30 40 50 50 Which of the above corporations, if any, are members of a brother-sister controlled group? Explain why each corporation is included or not. and question I U O

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