El toro corporation declared a common stock distribution to all shareholders of record on june 30, 20x3. shareholders will receive one share of el toro stock for each two shares of stock they already own. raoul owns 300 shares of el toro stock, with a tax basis of $60 per share. the fair market value of the el toro stock was $100 per share on june 30, 20x3. what are the tax consequences of the stock distribution to raoul?

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

turnover

the amount of money taken by a business in a particular period.