Tonya, an actuary, is the sole shareholder of Shrike Corporation, a professional C corporation. The corporation...

 

Transcribed Image Text:

Tonya, an actuary, is the sole shareholder of Shrike Corporation, a professional C corporation. The corporation paid Tonya a salary of $360,000 during its fiscal year ending September 30, 2019. How much salary must Shrike Corporation pay Tonya during the period October 1 through December 31, 2019, to enable the corporation to continue to use its fiscal year without negative tax effects? Tonya, an actuary, is the sole shareholder of Shrike Corporation, a professional C corporation. The corporation paid Tonya a salary of $360,000 during its fiscal year ending September 30, 2019. How much salary must Shrike Corporation pay Tonya during the period October 1 through December 31, 2019, to enable the corporation to continue to use its fiscal year without negative tax effects?

Answer rating: 100% (QA)

Answer Answer 90000 Explanation For corporation to continue to use its fiscal year without ne... View the full answer