Questions pointe) Which of the following out the actos para proving to como profesi TRUE OLBI IV true C. The proerent transaction cannot immediately after the partner unde tebiet Om Boden true ON Thermal transaction can immediately her the partners outside tabases depending on the type of debe the pertenhigh ov. On the date of the agreement, the service puteerd medity recognize edinaryone for the il pofits intend the service pachete immediately cogie ody dodation for the profits they cache ow. The parties have no inmediate reception of become ter dodactone) for the poetini interest but a profit is curned in the future it will affect cach partner's potential batalle now because of the changes wuchtipps (or an allocated to part in the future pelates For the womain below terminie the amount of the shareholder receiving the divided income must pay on the dividend they toortve. All entities below we conventiom. Amme all types of income for scored a 21 Trinity Carpenter 40 percent of Saliens Corporation in You Suice per oltre a 13 wilde woonh denkenha to all its shareholders, giving each war dividend in perspenion to ownershipper Cits tax on the dividend OSA1.000 of tax on the dividend None of these ON $44.100 of tax on the dividend Question 16 4 points (4 points) For the scenario below.determine the amount of tax that the shareholder receiving the dividend income must pay on the dividend they receive. All entities below are corporation Assume all types of taxable income for a corporation are taxed at a 21% tax rate. Trinity Corporation owns 40 percent of Salient Corporation. In Year 1, Salient pays out a total of $1.5 million in cash dividends to all its shareholders, giving each owner a dividend in proportion to its ownership percentage OL 544,100 of tax on the dividend O I. None of the above. OHSO of tax on the dividend IV. 563,000 of tax on the dividend Question 16 of 41 Question 3 2 points (2 points) Which of the following statements about the transaction of a partner agreeing to contribute service for an increased profits interest is TRUE? OL. Both I and III. are true olt. On the date of the agreement, the service partner must immediately recognize ordinary income for the additional profits interest, and the non-service partners are able to immediately recognize an ordinary deduction for the profits interest they cach give up. O. The agreemetit trunsaction eunnot immediately alter the partner' outside tax buses, Ow The greement transaction can immediately niter the partners outside tus bases depending on the type of debt the partnership hut. OV. Both II and IV. are true. on. The partners have no immediate recognition of income (or deductions) for the profits interest but as profit is eamed in the future it will affect each partner's potential cable income because of the change in how much partnership profits (or losses) are allocated to partners in the future. 41