Mason Owns 45% of an S Corporation That Reported Net

question 9

Multiple Choice

Mason owns 45% of an S corporation that reported net income of $105,000 for the year.During the year, $20,000 was distributed to Mason from the corporation.How much should Mason include in his gross income for the year?

• A)$20,000
• B)$47,250
• C)$56,250
• D)$67,250

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A production strategy that focuses on producing goods in large volumes with minimal variation, typically associated with mass production environments.

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