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the belt Corporation a c corporation is owned 100% by Nick hill and had taxable income in 2018 of $550,000. Nick is also an employee
the belt Corporation a c corporation is owned 100% by Nick hill and had taxable income in 2018 of $550,000. Nick is also an employee of the corporation. In December 2018 the corporation has decided to distribute $460,000 to Nick and has asked you whether it would be better to distribute the money as a dividend or salary. Nick, a single taxpayer is in the 37% marginal tax bracket. How would you respond to Belt
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