Elena Owns 40% of Martinez, Inc

question 62

Multiple Choice

Elena owns 40% of Martinez, Inc., a regular C corporation, that reported net income of $80,000 for the year. During the year $8,000 was distributed to Elena from the corporation. How much income from the corporation should Elena include in her taxable income for the year?

• A) $40,000
• B) $32,000
• C) $8,000
• D) $3,200

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Definitions:

Herzberg's Two Factor Theory

A motivational theory suggesting that employee satisfaction and dissatisfaction are influenced by two independent sets of factors: hygiene factors and motivators.

Motivate Employees

Strategies and practices designed to increase staff enthusiasm and drive, encouraging them to be more engaged and productive.