Question: Tax fact or circumstanceAnswer 1 . Payment received for unique services rendered by a 2 0 % owner of a computer programming corporation 2 .

Tax fact or circumstanceAnswer1. Payment received for unique services rendered by a 20% owner of a computer programming corporation
2. Subject to regular income tax of $0.21 on each dollar of taxable income
3. C corporation application for American Opportunity Credit
Credit is not available4. Addition to reserve for product liability loss
5. C corporation is considering reporting a Foreign Tax Credit
6. Cash dividend paid on March 1 by calendar-year personal holding company
7. Addition to a reserve used to redeem stock
8. Personal holding company income of 55% of adjusted ordinary gross income

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