14. Where on the corporate tax return would you find a reconciliation of net income per books 2. Which of the following is true regarding how partners treat guaranteed payments they Guaranteed payments received for services rendered are reported by the partners that ax d. receive them on Schedule C C rocene from a partnership Guaranteed payments received for services rendered by the partner are subject to Guaranteed payments received for services rendered by the partner are not subject to dal security of Medicare tax withholding, but are subject to income tax payments received for services rendered are subject to self-employment withholding by the partnership. Guaranteed Medical tax withholding, but are not subject to income tax withholding by the Maranteed payments received for services rendered are subject to social security and to usable income before net operating loss and dividends received deduction (DRD)? b. Schedule Schedule M-1 d. Schedule M-2 This reconciliation is not shown on the corporate tax retum IS. The tax laws limit a publicly traded corporation's deduction for compensation paid to the CEO to: $500,000, unless the corporation can justify a higher amount. b. $1,000,000, unless the corporation can justify a higher amount. $1,500,000, unless the corporation can justify a higher amount d. $2,000,000, unless the corporation can justify a higher amount. There is no deduction limit for compensation paid to a corporation's CEO. . e. 16. No gain or loss is recognized by either the corporation or the shareholders on the transfer of property to a corporation in exchange for corporate stock as long as after the exchange the transferring shareholders own at least what percentage of the corporation's stock? 50% b. 70% 75% d 80% 100% a. c