Charlie, who is in the 35 percent marginal tax bracket, is the president and sole owner of
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Charlie, who is in the 35 percent marginal tax bracket, is the president and sole owner of Charlie Corporation (a C corporation in the 34 percent tax bracket).
His current salary is $700,000 per year.What are the income and FICA tax consequences if the IRS determines that $200,000 of his salary is unreasonable compensation?
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Related Book For
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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