LO.3 Kim is an employee of Azure Corporation. In the current year, she receives a salary of
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LO.3 Kim is an employee of Azure Corporation. In the current year, she receives a salary of $30,000 and is given 10 shares of Azure stock for services she renders to the corporation.
The shares in Azure Corporation are worth $1,000 each. For tax purposes, how will Kim treat the receipt of the 10 shares? What is Azure Corporation’s total compensation deduction for Kim’s services?
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Related Book For 
South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts
ISBN: 9781133495574
36th Edition
Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney
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