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7. You are given the following facts about a solely owned S corporation. What is the shareholder's ending stock basis? Increase in AAA Increase in
7. You are given the following facts about a solely owned S corporation. What is the shareholder's ending stock basis? Increase in AAA Increase in OAA Payroll tax penalty Beginning stock basis Stock purchases $31,000 6,300 2,140 39,800 22,000 4,800 Tax-exempt life insurance proceeds 2,700 fe insurance premiums paid (nondeductible)
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