Robbie is the vice president of Mailer Corporation. He owns 40% of Mailer, which is organized as
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Robbie is the vice president of Mailer Corporation. He owns 40% of Mailer, which is organized as an S corporation. Robbie’s salary is $75,000, and he receives group-term life insurance and health and accident insurance that costs $3,000. Mailer’s operating income without considering any payments or benefits that Robbie receives is $180,000.
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Related Book For
Concepts In Federal Taxation 2011
ISBN: 9780538467926
18th Edition
Authors: Kevin E. Murphy, Mark Higgins
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