You are given the following facts about a 40% owner of an S corporation,and you are asked to prepare her ending stock basis. Beginning stock basis $36,800 Increase in AAA 32,000 Increase in OAA 6,300 Payroll tax penalty 2,140 Tax-exempt interest income 4,800 Insurance premiums paid (nondeductible) 2,700 Purchases of additional stock 22,000

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You are given the following facts about a 40% owner of an S corporation,and you are asked to prepare her ending stock basis. Beginning stock basis $36,800 Increase in AAA 32,000 Increase in OAA 6,300 Payroll tax penalty 2,140 Tax-exempt interest income 4,800 Insurance premiums paid (nondeductible) 2,700 Purchases of additional stock 22,000 ​

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The Answer of You are given the following facts about a 40% owner of an S corporation,and you are asked to prepare her ending stock basis. Beginning stock basis $36,800 Increase in AAA 32,000 Increase in OAA 6,300 Payroll tax penalty 2,140 Tax-exempt interest income 4,800 Insurance premiums paid (nondeductible) 2,700 Purchases of additional stock 22,000 ​

You Are Given the Following Facts About a 40% Owner