RGD Corporation Was a C Corporation from Its Inception in 2015

question 60

Essay

RGD Corporation was a C corporation from its inception in 2015 through 2018.However, it elected S corporation status effective January 1, 2019.RGD had $50,000 of earnings and profits at the end of 2018.RGD reported the following information for its 2019 tax year.
$$\begin{array} { l c r } & \text { Description } & \text { Amount } \\\text { Consulting revenue } && \$130,000 \\\text { Salary to owners } && ( 50,000 ) \\\text { Employee wages } && (40,000 ) \\\text { Depreciation expense }& & ( 8,000 ) \\\text { Interest income } && 50,000 \\\text { Dividend income } & &\underline{40,000 }\\ \text { Overall net income } &&\underline{ \$ 122,000} \\\end{array}$$
What amount of excess net passive income tax is RGD liable for in 2019? (Round your answer for excess net passive income to the nearest thousand.)

Understand the importance of including women in health research design and analysis.

Recognize historical and modern definitions and roles of gender.

Comprehend models of sex and gender in health context.

Identify instances and impacts of gender bias in health care.

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Definitions:

Intensive Distribution

A strategy where a product is made available in as many outlets as possible, maximizing visibility and accessibility to consumers.

Exclusive Distribution

A level of distribution density whereby only one retailer in a specific geographic area carries the firm’s products.

Distribution Intensity

The level of availability of a product in a particular market; can range from intensive (available everywhere) to selective or exclusive (available in few locations).

Channel Conflict

Occurs when there is a clash or discord among channel members such as manufacturers, distributors, and retailers, often due to overlapping responsibilities or competition.