Cathy is the President and sole shareholder of Boxer, Inc., a regular corporation. The corporation reported taxable income of $435,000 after deducting Cathy's $800,000 salary. If the IRS disallowed $550,000 of the salary as unreasonable compensation, the corporation's regular income tax will change by a:
A. $175,000 decrease
B. $115,500 decrease
C. $175,000 increase
D. $115,500 increase
Answer: D
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The adjusting entry required for bonds issued at a discount would require d. a debit to Bond Interest Expense, a debit to Discount on Bonds Payable, and a credit to Cash; b. a debit to Bond Interest Expense, a debit to Discount on Bonds Payable, and a
credit to Bond Interest Payable; c. a debit to Bond Interest Expense, a credit to Discount on Bonds Payable, and a credit to Bond Interest Payable; d. a debit to Bond Interest Expense and a credit to Cash; e. a debit to Cash and a credit to Bonds Payable
Orphaned customers are best described as the:
A. solid referrals of long-term customers. B. prospects who have declined to make a purchase. C. leads generated through a direct mail program. D. customers of a salesperson who has left the company. E. customers that have failed to pay.
A _____ is a specific, measurable fact from a research study.?
A) ?conclusion B) ?recommendation C) ?proposal D) ?finding
Answer the following statement(s) true (T) or false (F)
1. In the workplace, individual freedom of speech is limited, but only in regard to profane or obscure remarks. 2. Most codes of conduct today also note the consequences that can occur if an employee does not follow the requirements in the code. 3. Montana is currently the only U.S. state that does not recognize that under common law “employment relationships are presumed to be ‘at-will.’” 4. When coaching, negative feedback will result in greater improvement in employee performance than positive feedback will. 5. The secondary objective of coaching, counseling, and discipline is to change behavior.