Bonnie and Clyde each own one-third of a fast-food restaurant, and their 13-year-old daughter owns all of the other shares. Both parents work full-time in the restaurant, but the daughter works infrequently. Neither Bonnie nor Clyde receives a salary during the year, when the ordinary income of the S corporation is $180,000. An IRS agent estimates that reasonable salaries for Bonnie, Clyde, and the daughter are $30,000, $35,000, and $10,000, respectively.

What adjustments would the IRS probably impose on these taxpayers?

Under 1366(e) and Reg. 1.13663(a), the IRS could require that reasonable (dividends/compensation) be paid to all three owners. Additional (excise/payroll) taxes also may be assessed. If the adjustments are made, Bonnie's share of the ordinary income of the S corporation is $_____ , Clyde's share is $____ and the daughter's share is $____.