Total Corporation Has Earned $75,000 Current E&P and Has an Accumulated

question 43

Multiple Choice

Total Corporation has earned $75,000 current E&P and has an accumulated E&P deficit from prior year of $25,000.The corporation pays a $100,000 distribution to shareholders.Shareholders of the corporation have a total stock basis of $40,000.The tax results of the distributions to the shareholders will be

• A)dividend income of $75,000 and tax-free return of capital of $25,000.
• B)dividend income of $50,000,tax-free return of capital of $40,000 and capital gain of $10,000.
• C)dividend income of $100,000.
• D)dividend income of $60,000 and tax-free return of capital of $40,000.

Grasp the significance of key legislative acts on poverty and welfare.

Understand the trends in the exodus of different social classes from ghettos according to sociologists like William Julius Wilson.

Grasp the statistics concerning poverty levels among different racial and ethnic groups in the United States.

Recognize the relationship between welfare, poverty levels, and government antipoverty spending.

---

Definitions:

Manual Dexterity

The skillful use of one's hands when performing tasks. It involves the coordination of muscular, skeletal, and neurological functions.

Reaction Range

A concept in genetics that the phenotype (expressed traits) of an individual varies within a range, determined by environmental conditions on the genotype.

Bodily-kinesthetic

The capacity to manipulate objects and use a variety of physical skills effectively.

Manual Dexterity

The skill and ease in using the hands, often required for tasks involving small, precise movements.