Na TAX 3300 fall 2012 1 7. David files is tas tur 45 days when the das de Ang $400 b. $1,600 $4000 d. 54,400 X Susas purchased 20 shares of X stick in 2010 $20 per in 2015 for $40 per share Sunan pan wldal 20 shares of parched 2015 not keep the shares in separate accounts and carner deine which there was purch 2022 Susan sold 30 shares of X stock for $50 per share 1.300 WS 20207 a. $1,500 b. 5700 c. 5350 50 e. None of a discorrect Objective Short Answer 9. Taxpayer ("T") owned a company (C) which descopet shware Towed all 1,000 shares of Co compensation for working at C inchaded the fing Treceived a payment of $75,000 col from C on December 31 of each you C put aside $25,000 per year, for T's retirement, esto an account which would begin to pay Tie were dead) 10% of the account vabae when I reached the age of 65 (T is cumently 50). In addition, on MARCH 1 AND OCTOBER 1 of each year, each share of C stock pays a dividend in cash and entitled each shareholder to 01 additional C shares (meaning these payments were mad and October) During the current year: (0 On July 1. T assignedighed the $75,000 cash payment to Ta July 1. T gifted 15% ownership in the C Corporation (150 shares) T's digter D, whe had a fair market value of $1,300,000 and an adjusted basis of $50,000 to T What income, if any, will T recognize in the current you? Cright Cengage Learning Powered by Cogner