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QUESTION 3 Lois is a 21% owner of QRS Inc., a Subchapter 5 corporation. The company reported ordinary business income for the year of $102,447.

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QUESTION 3 Lois is a 21% owner of QRS Inc., a Subchapter 5 corporation. The company reported ordinary business income for the year of $102,447. Lois acquired the QRS stock 2 years ago. QUESTION 3 Lois is a 21% owner of QRS Inc., a Subchapter 5 corporation. The company reported ordinary business income for the year of $102,447. Lois acquired the QRS stock 2 years ago

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