Silver Inc

question 60

Multiple Choice

Silver Inc.is an S corporation.This year it earned $60,000 of taxable income and paid a $10,000 distribution to Daisy,its sole shareholder.Daisy has a marginal tax rate of 24%.Due to the corporation's results and the distribution paid,the IRS will receive total taxes of

• A)$12,600.
• B)$14,400.
• C)$14,100.
• D)$11,520.

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Definitions:

Three Heads

typically refers to a muscle having three points of origin or attachments, such as the triceps brachii.

Single Insertion

When a muscle or tendon attaches to bone at one point or site.

Brachialgia

Pain in the arm, often deriving from nerve irritation or damage.

Pain

A disagreeable feeling and emotional response linked to real or possible harm to the body's tissues.