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show all steps pleasea Cathy is the president and sole shareholder of Boxer, Inc., a regular corporation. The corporation reported taxable income of $435,000 after
show all steps pleasea
Cathy is the president and sole shareholder of Boxer, Inc., a regular corporation. The corporation reported taxable income of $435,000 after deducting Cathy's $800,000 salary. If the IRS disallowed $550,000 of the salary as unreasonable compensation, the corporation's regular income tax will change by aStep by Step Solution
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