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1. Arthur is the sole shareholder of Purple, Inc. Purple's taxable income before the payment of Arthur's salary is $300,000. Based on this information, Arthur

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1. Arthur is the sole shareholder of Purple, Inc. Purple's taxable income before the payment of Arthur's salary is $300,000. Based on this information, Arthur has the corporation pay him a salary of $200,000 and a bonus of S100,000. A reasonable salary and bonus would be $175,000. Which of the following is correct? a. The taxable income of Purple, Inc., is SO ($300,00 b. The taxable income of Purple, Inc, is $100,000 ($300,000-$200,000 c. Arthur has salary and bonus income of $300,000. d. Arthur has salary and bonus income of $175,000 and dividend income of $125,000. 0- $300,000 salary and bonus)

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