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pls answer all. i uplike! Which of these items is not an adjustment to taxable income (loss) to compute current E&P? Multiple Choice Disallowed portion

pls answer all. i uplike!
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Which of these items is not an adjustment to taxable income (loss) to compute current E\&P? Multiple Choice Disallowed portion of meals expense Reasonable rent on business premises Tox-exempt life insuronce proceeds Federal income taxes poid or acerued Z Corporation uses a net capital loss carryover from the pilor year to offset current year captal gains. The net capital loss carryover used in the current year will reduce current earnings and profits True or Folse Force Corporation is owned equally by Luke and his sister Lella, each of whom own 200 shares in the company Force redeemed 100 shares of Luke's stock in the company on December 31 of this year. Force paid Luke $1,000 per share. Luke's income tax basis in each share was $400 at the time of the redemption. Force has available E\&P of $800.000. What are the rax consequences to Luke as a result of the stock redemption? Multiple Choice $60,000csp mol goin end a tax besis in escti of his remening ahares of $400 $60,000 ceprel qoin snd a tax beas in ebch eena remeining shoues of 51000 5100.000 dividend end o sax basi ineach of his in maenho shares or 5400 $60,000 capital gain and a tax basis in each of his remaining shares of $400 $60,000 capital gain and a tax basis in each of his remaining shares of $1,000 $100.000 dividend and a tax basis in each of his remaining shares of $400 $100,000 dividend and a tax basis in each of his remaining shares of $1,000 Samantha owns 60 percent of the stock of Bewitched Corporation. Unrelated individuals own the remaining 40 percent. For a stock redemption of Samantha's stock to be treated as an exchange under the "substantially disproportionate" test, what percentage of Bewitched stock must Samantha own after the redemption? Multiple Choice Any omount less then 60 percert Any amount less than 50 percert Any omount lest than 48 peicent Any omount less thon 40 percent A calendar-year corporation has positive current E\&P of $1,500 and negative accumulated E\&P of $2,000. The corporation makes a $500 distribution to its sole shareholder. Which of the following statements is true? Multiple Choice The distbution may be a dividend. depending on when the current eemings and profits were earned relotwe to when the distribution wos mode. The entire 5500 distribution wil be a dividend The asmbuion wa not be o dividend becouse togol eornings pnd profits is a negative 5500 A distrbution ftom o coeporovion to o shsrenolder is ahoye a devidend, regbreoss or the belonce in eamings and profits

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