Ted Owns 20% of Genco (A C Corporation) That Had

question 16

Multiple Choice

Ted owns 20% of Genco (a C corporation) that had taxable income of $100,000 and paid a total of $50,000 in dividends to its shareholders.Ted also owns 10% of Subco (an S corporation) that had $100,000 of taxable income and distributed a total of $60,000 to its shareholders.How much must Ted include in his gross income as a result of being a shareholder in these two corporations?

• A)$16,000
• B)$20,000
• C)$26,000
• D)$30,000

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Definitions:

Client's Resistance

The opposition or reluctance of a client to engage with or continue with a service or intervention.

Participatory Research

A research approach that involves all stakeholders, especially those impacted by the issue being studied, in the research process.

Demographic Variables

Characteristics used to segment populations for the purpose of analysis, such as age, race, gender, income, and education level.