US Packet problem 4 A&B; HW 52 a and b, 53 a, b, and c, 55, 60, 63 #4A ABC Corporation is owned by Kerry 500 shares, Lisa 100 shares, and Talitha 400 shares. Talitha is Kerry's mom. Kerry's AB in stock = $5,000 ($10 per share). ABC redeems all of Kerry's shares for $22 per share. Kerry will continue to work at ABC. What is the tax result to Kerry? What if she does not work there or have any other relationship with ABC? onblb vd bomvro bi walllo hoone Lisa #4B/Assume instead that Lisa is Kerry's mom. Kerry will continue to work at ABC. What is the tax result to Kerry?

Packet problem 4 A\&B; HW 52 a and b, 53 a, b, and c, 55, 60, 63 \#4A ABC Corporation is owned by Kerry 500 shares, Lisa 100 shares, and Talitha 400 shares. Talitha is Kerry's mom. Kerry's AB in stock =$5,000 ( $10 per share). ABC redeems all of Kerry's shares for $22 per share. Kerry will continue to work at ABC. What is the tax result to Kerry? What if she does not work there or have any other relationship with ABC ? \#4B Assume instead that Lisa is Kerry's mom. Kerry will continue to work at ABC. What is the tax result to Kerry