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The majority shareholder also paid a dividend of $20,000 to his 15-year-old son who also earned $3,000 working at a local restaurant. You are asked
The majority shareholder also paid a dividend of $20,000 to his 15-year-old son who also earned $3,000 working at a local restaurant. You are asked to help explain how the son will be taxed on this income. 7 i B 1
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