19. BJT Corporation is owned 40 percent by Bill, 35 percent by Jack, and 25 percent by...
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19. BJT Corporation is owned 40 percent by Bill, 35 percent by Jack, and 25 percent by Teresa. Bill and Jack are father and son. What is Jack’s total direct and indirect ownership under Section 267?
a. 65%
b. 40%
c. 75%
d. 35%
e. None of the above
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Related Book For 
Income Tax Fundamentals 2011
ISBN: 9780538469197
29th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller
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