R is an employee/owner of a C corporation.Q is an employee/owner of an S corporation.Both R and Q's salaries are deductible by the corporations they work for.
Correct Answer:
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Q12: Dividend income earned by a proprietorship, partnership,
Q13: Generally, a newly formed business expecting losses
Q14: A disadvantage of the C corporation is
Q15: Individuals and C corporations may reduce income
Q16: The business is a C corporation
Q18: The business is an S corporation
Q19: Reasonable compensation paid to owners (other than
Q20: The business is a proprietorship owned
Q21: A corporation's records show the following:
Q22: Fringe benefits for a 15 percent owner/employee
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