The Bruin Corporation, a C corporation, is owned 100 by John Bean and had taxable income in 2015 of $500,000 John is also an employee of the corporation In December 2015, the corporation has decided to distribute $400,000 to John and has asked you whether it would be better to distribute the money ...

To properly respond to Bruin tax calculations for both Bruin Corporation and John Bean must be made ...

The Bruin Corporation, a C corporation, is owned 100% by John Bean and had taxable income in

Question:

The Bruin a C is owned 100% by John Bean and had taxable income in 2015 of $500,000. John is also an employee of the In December 2015, the has decided to distribute $400,000 to John and has asked you whether it would be better to distribute the money as a or salary. John is in the 39.6% marginal tax bracket. How would you respond to Bruin Consider only income taxes for this problem.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...