Amber Company has $100,000 in net income in 2013 before deducting any compensation or other payment to its sole owner,Alfredo.Assume that Alfredo is in the 33% marginal tax bracket.Discuss the tax aspects of each of the following independent arrangements.(Assume that any salaries are reasonable in amount and ignore any employment tax considerations.)
Definitions:
Trademarked
A symbol, word, or phrase legally registered or established by use as representing a company or product.
Copyrighted
Describes material, such as text, music, or artwork, that is legally protected from unauthorized use without permission from the owner.
Business Plan
A document describing a business that is used to test the feasibility of a business idea, to raise capital, and to serve as a road map for future operations.
Clayton Act
A U.S. antitrust law enacted in 1914, aimed at promoting fair competition and preventing unfair business practices such as price discrimination, anti-competitive mergers, and exclusive dealing contracts.
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