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Author Question: Atomic Corporation is enjoying a very profitable year. The board of directors is considering paying ... (Read 35 times)

silviawilliams41

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on: Sep 13, 2020
Atomic Corporation is enjoying a very profitable year. The board of directors is considering paying either a bonus to the president of the corporation or an extra dividend to the shareholder. Shinil is both the president and the 100% shareholder. Which of the following statements is generally correct with respect to closely held corporations in Atomic's position?
◦ For tax purposes, the corporation will prefer to pay the bonus.
◦ For tax purposes, the corporation will prefer to pay the dividend.
◦ The owner-manager will only be taxed on the bonus, not the dividend.
◦ The corporation's taxable income will be impacted in the same manner by both the bonus and the dividend payments.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by silviawilliams41 on Sep 13, 2020

orangecrush

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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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silviawilliams41

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

gcook

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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