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Business, 07.03.2020 05:16 sloane50

What amount would Becca declare on her income tax return if Becca and Suzanne had formed a Subchapter S corporation and there was no provision in their agreement on how profits are to be split? a. the full $275,000 b. $137,500 c. the Subchapter S corporation must retain at least half of the $275,000 and Becca reports half of $137,500 d. nothing, because the Subchapter S corporation reports that income and pays the taxes

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