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Business, 05.05.2020 05:15 becerrarboyv9mf

Delaine is a 90% shareholder in a personal service corporation (PSC). The corporation paid Delaine a salary of $265,000 during its fiscal year ending September 30, 2019. If required, round your answers to the nearest dollar. a. Assume that the corporation cannot satisfy the business purpose test for a fiscal year. How much salary must Delaine receive during the period October 1 through December 31, 2019, in order for the corporation to continue to use its fiscal year

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Delaine is a 90% shareholder in a personal service corporation (PSC). The corporation paid Delaine a...
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