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Paying reasonable compensation (salary) to a shareholder employee of a Regular ( Corporation avolds Double Taxation on the amount of the compensation (salary): True False

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Paying reasonable compensation (salary) to a shareholder employee of a Regular ( Corporation avolds Double Taxation on the amount of the compensation (salary): True False QUESTION 20 Johnella and Brown each have a fifty percent (50%) ownership Interest in Nanette Partnership. Each partner has an adjusted basis in her Partnership Interest of $100,000. Nanette Partnership's Taxable income for the current year is $80,000 and it distributes $50,000 to each partner. Johnella's basis in her Partnership Interest at the end of the year is $100,000 True False

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