Jawasay Company reports current E&P of $300,000 this year and accumulated E&P at the beginning of the year of $200,000. Jawasay distributed $325,000 to its sole shareholder, Ray Kinsella, on December 31 of this year. Rays tax basis in his Jawasay stock is $75,000. How much of the $325,000 distribution is treated as a dividend to Ray?

this same Company reports current E&P of $330,000 and accumulated E&P of negative $200,000. Jawasay distributed $400,000 to its sole shareholder, Christine Rock, on the last day of the year. Christines tax basis in her Jawasay stock is $75,000. How much of the $400,000 distribution is treated as a dividend to Christine?

This year Sooner Company reports current E&P of negative $300,000. Its accumulated E&P at the beginning of the year was $215,000. Sooner distributed $400,000 to its sole shareholder, Boomer Wells, on June 30 of this year. Boomers tax basis in his Sooner stock is $75,000. How much of the $400,000 distribution is treated as a dividend to Boomer?

EK Corporation redeemed 200 shares of stock from one of its shareholders in exchange for $195,000. The redemption represented 20% of the corporations outstanding stock. The redemption was treated as an exchange by the shareholder. EGs total E&P at the time of the distribution was $2,000,000. By what amount does EG reduce its total E&P as a result of the redemption?