Question 1 2 pts There are 4 questions that relate to this scenario: 1 -At the beginning of the year, Tobin Corporation (a calendar year taxpayer) has E&P of $32,000. The corporation generates no additional E&P during the year. On December 31, the corporation distributes $50,000 to its sole shareholder, Maggie, whose stock basis is $10,000. As a result of this transaction, Maggie has DIVIDEND INCOME: o 18,000 o 50,000 32,000 o 8,000 Question 2 2pts 2-At the beginning of the year, Tobin Corporation (a calendar year taxpayer) has E&P of $32,000. The corporation generates no additional E&P during the year. On December 31, the corporation distributes $50,000 to its sole shareholder, Maggie, whose stock basis is $10,000. As a result of this transaction, Maggie has RETURN OF CAPITAL: 32,000 10,000 8,000 0 Question 3 2 pts 3-At the beginning of the year, Tobin Corporation (a calendar year taxpayer) has E&P of $32,000. The corporation generates no additional E&P during the year. On December 31, the corporation distributes $50,000 to its sole shareholder, Maggie, whose stock basis is $10,000. As a result of this transaction, Maggie has CAPITAL GAIN: L 32,000 El 18,000 8,000 22,000 FEL Question 4 2 pts 2 pts EEEEEEE 4 -At the beginning of the year, Tobin Corporation (a calendar year taxpayer) has E&P of $32,000. The corporation generates no additional E&P during the year. On December 31, the corporation distributes $50,000 to its sole shareholder, Maggie, whose stock basis is $10,000. What is Maggie's STOCK BASIS after this transaction? INE TARIO PEN PARA RA To ES PASTA 05 1 10,000 18,000 32,000 1