Business, 06.05.2020 08:28 dbryrob9148
You are given the following facts about a solely owned S corporation. What is the shareholder's ending stock basis?
Increase in AAA $31,000
Increase in OAA 6,300
Payroll tax penalty 2,140
Beginning stock basis 39,800
Stock purchases 22,000
Tax-exempt life insurance proceeds 4,800
Life insurance premiums paid (nondeductible) 2,700
a.$61,800
b.$68,100
c.$99,100
d.$100,100
Answers: 3
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You are given the following facts about a solely owned S corporation. What is the shareholder's endi...
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