You are a 60% owner of an S corporation. Calculate your ending stock basis based upon these facts. $\begin{array}{lr}
\text { Beginning stock basis } & \$ 52,600 \
\text { Purchases of additional stock } & 15,000 \
\text { Insurance premiums paid (nondeductible) } & 3,600 \
\text { Tax-exempt interest income } & 5,230 \
\text { Payroll tax penalty } & 3,770 \
\text { Increase in AAA } & 22,400 \
\text { Increase in } O A A & 5,800
\end{array}$

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The Answer of You are a 60% owner of an S corporation. Calculate your ending stock basis based upon these facts. $\begin{array}{lr}
\text { Beginning stock basis } & \$ 52,600 \
\text { Purchases of additional stock } & 15,000 \
\text { Insurance premiums paid (nondeductible) } & 3,600 \
\text { Tax-exempt interest income } & 5,230 \
\text { Payroll tax penalty } & 3,770 \
\text { Increase in AAA } & 22,400 \
\text { Increase in } O A A & 5,800
\end{array}$

You Are a 60% Owner of an S Corporation