You are given the following facts about a solely owned S corporation. What is the shareholder's ending stock basis?

Increase in AAA $31,000
Increase in OAA 6,300
Payroll tax penalty 2,140
Beginning stock basis 39,800
Stock purchases 22,000
Tax-exempt life insurance proceeds 4,800
Life insurance premiums paid (nondeductible) 2,700

a.$61,800
b.$68,100
c.$99,100
d.$100,100

c.$99,100

Explanation:

Beginning stock basis 39,800

Add:Increase in AAA $31,000

Increase in OAA $6,300

Stock purchases 22,000

Shareholder's ending stock basis $ 99,100

OR

Shareholder's ending stock basis = Beginning stock basis +Increase in AAA + Increase in OAA + Stock purchases

= $ 39,800 + 31,000 + 6,300 + 22,000

= $ 99,100

answer; i believe that the correct answer is ( owners investment)

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.