Question
Robin Company has $100,000 of income before payment of $100,000 of reasonable salaries to its owners/employees (who are in the 32% bracket). Which form of
Robin Company has $100,000 of income before payment of $100,000 of reasonable salaries to its owners/employees (who are in the 32% bracket). Which form of business results in the least amount of combined income tax being paid by the company and its owners?
a.Partnership.
b.S corporation.
c.C corporation.
d."Partnership", "C corporation", and "S corporation" all result in the same amount of tax.
e."Partnership" and "S corporation" result in the least amount of tax.
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Petroleum Accounting: Principles, Procedures; And Issues
Authors: Dennis Jennings, John Brady, Rich Shappard, Craig Friou
8th Edition
0940966328, 978-0940966321
