Foster Owns 27% of the Baxter Corporation,whose Ordinary Income Is

question 65

Short Answer

Foster owns 27% of the Baxter Corporation,whose ordinary income is $100,000.His salary for the year is $50,000.What amount must Foster pay in Social Security taxes if Baxter is a(n)
$\begin{array}{cc}\text { Corporation } & \text { S Corporation } \\\text { a. } \$-0- & \$ 3,825 \\\text { b. } \$ 3,825 & \$-0- \\\text { c. } \$ 3,825 & \$ 3,825 \\\text { d. } \$ 3,825 & \$ 7,650 \\\text { e. } \$ 3,825 & \$ 11,475\end{array}$

---

Definitions:

Coca Leaves

The leaves of the coca plant, traditionally used for their stimulant effects in South America, and known for their role in the production of cocaine.

Process

A series of actions or steps taken in order to achieve a particular outcome, often involving stages or phases.

Military Movements

refer to coordinated actions and maneuvers by armed forces during training or operations, designed to achieve strategic or tactical objectives.

Position of Attention

A military posture with feet together, body erect, and eyes looking straight ahead, signaling readiness and respect.