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Author Question: Montrose Corporation is classified as a personal holding company. It is almost year-end. The ... (Read 47 times)

faduma

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on: Sep 13, 2020

Question 1

Mason Corporation is a personal service corporation in the legal field. Mason Corporation has taxable income of $100,000. Mason Corporation's tax is
◦ $15,000.
◦ $34,000.
◦ $35,000.
◦ $22,250.

Question 2

Montrose Corporation is classified as a personal holding company. It is almost year-end. The company's taxable income and regular federal income tax liability are expected to be $100,000 and $22,250, respectively. The company will claim a $20,000 dividends-received deduction and earlier in the year paid $25,000 of dividends to its shareholders. How much in additional dividends must be paid to shareholders in order to avoid the personal holding company tax?
◦ $92,750
◦ $52,750
◦ $72,750
◦ $97,750
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by faduma on Sep 13, 2020

miss_1456@hotmail.com

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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faduma

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

covalentbond

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Reply 3 on: Yesterday
:D TYSM

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