In 2020, Soup Corporation, a C corporation, has earnings of $100,000. It paid $20,000 in dividends to its sole shareholder, Grace. Grace also has a restaurant, Sandwich Caf, which she operates as a sole proprietorship in 2020 with income of $125,000 and expenses of $50,000. 

What is the total income that she will report in her personal return from both Soup and Sandwich?  

Answer rating: 100% (QA)

1 Income from Soup Corporation Earnings 100000 Dividends paid to Grace 20000 Since Grace ... View the full answer