Grams, Inc., a calendar year S corporation, reports $20,000 DPGR and $15,000 of wages, and the S corporation's QPAI is $5,000. Janet has a 40% interest in the S corporation. All expenses that reduce DPGR are from wages, and all wages paid relate to DPGR. How much QPAI and wages are allocated to Janet?
A) None.
B) $2,000 and $6,000.
C) $5,000 and $15,000.
D) $5,000 and $20,000.
E) None of the above.
Correct Answer:
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