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Which of the following statements is false? Gifts from non-shareholders are excluded from corporate taxable income. O Corporations who pay amounts unreasonably high to

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Which of the following statements is false? Gifts from non-shareholders are excluded from corporate taxable income. O Corporations who pay amounts unreasonably high to employee shareholders run the risk that the excess compensation will be re-characterized as a dividend. O Capital contributions from shareholders are excluded from corporate taxable income. O Corporations are entitled to a deduction for the entire amount of compensation paid to all employees subject to no limits.

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