Bjorn owns a 35% interest in an S corporation that earned $200,000 in 2010. He also owns 10% of the stock in a C corporation that earned $200,000 during the year. The S corporation distributed $10,000 to Bjorn and the C corporation paid dividends of $10,000 to Bjorn. How much income must Bjorn report from these businesses?
Paper#32401 | Written in 18-Jul-2015Price : $25