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Jason, an architect, is the sole shareholder of Purple Corporation

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Question;Jason, an architect, is the sole shareholder of Purple Corporation, a personal servicecorporation. The corporation paid Jason a salary of $225,000 during its fiscal year endingOctober 31, 2012. How much salary must Purple pay Jason during the period November1 through December 31, 2012, to permit the corporation to continue to use its fiscal yearwithout negative tax effects?

 

Paper#43364 | Written in 18-Jul-2015

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