Question: What is the excise tax applied on the amount realized from a Code Sec. 1042 transaction if the total shares held by the ESOP after

What is the excise tax applied on the amount realized from a Code Sec. 1042 transaction if the total shares held by the ESOP after the disposition is less than the total shares held immediately after the Code Sec. 1042 acquisition: a. 10 percent b. 20 percent c. 30 percent d. 40 percent

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