Question
Janet owns 50% of Company X. In year 1, ordinary income in Company X amounted to 8,000,000. Janet is the general manager of Company X,
Janet owns 50% of Company X. In year 1, ordinary income in Company X amounted to 8,000,000. Janet is the general manager of Company X, and for this work she received a special remuneration of 1,500,000. Janet takes this amount out in cash .Calculate ordinary income and personal income for Janet regarding the company participation in year 1.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
