(3 points) When Kraft Corp (10% income tax rate), a wholly owned subsidiary of Heinz Corp. liquidated it transferred a building to Heinz (S 100 adjusted basis o med for 5 years) in exchange for 100% of Heinz s Kraft s k $500 ad usted basis; 20% income tax rate, owned io years), Kraft has a S600 net operating loss camyover, what are Heinz's and Kraft's tax consequences? 4, (1 point) For purposes of a Sec 302 corporate redemptions, how many total shares of Windsor Corp's common voting stock does Pam own if: 1) Pam owns 100 shares; 2) Dean (Pam's husband) owns 200 shares; 3) Amanda (Pam's niece) owns 300 shares; 4) Penny (Pam's granddaughter) owns 400 shares? 5. a. 700 shares b. 100 shares c. 300 shares d. 1,000 shares 6. (1 point) For purposes of Sec 302 stock redemption, in which 1 of the following situations would the complete termination of Peter's stock ownership in Hamilton Corp not be revoked? a. After Peter's wife waived the family attribution rules, Peter's aunt gave him 10 shares of Hamilton's stock in her will. b. After Peter's wife waived the family attribution rules, Peter loaned $5,000 to Hamilton. c. After Peter's wife waived the family attribution rules, Peter bought 20 shares of Hamilton 5 years after his ownership was completely terminated. All of the above d. 7. (I point) For purposes of See 302 stock redemption, in which 1 of the following was Bob's stock ownership in T completely terminated? Bob owns 300 shares and his son owns 200 shares. Troy Corp redeemed Bob's 300 shares and his son's 200 shares. Troy Corp redeemed Bob's 300 shares and his son waived the family attribution rules. Troy Corp redeemed Bob's 300 shares and his son waived the family attribution rules but Bob remained Troy Corp's chief operating officer Bob's ownership in Troy Corp was completely terminated in all of the above. a. b. c. d