Tyrell Is the Sole Shareholder of Topaz, Inc

question 1

Multiple Choice

Tyrell is the sole shareholder of Topaz, Inc.Topaz's taxable income before the payment of Tyrell's salary is $250,000.Based on this, Tyrell has the corporation pay him a salary of $175,000 and a bonus of $75,000.A reasonable salary and bonus would be $200,000.Which of the following is correct?

• A)The taxable income of Topaz, Inc., is $0 ($250,000 - $250,000 salary and bonuses).
• B)The taxable income of Topaz, Inc., is $75,000 ($250,000 - $175,000).
• C)Tyrell has salary and bonus income of $250,000.
• D)Tyrell has salary and bonus income of $200,000 and dividend income of $50,000.
• E)None of the above.

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Definitions:

Gender Roles

Social and behavioral norms expected of individuals according to their perceived sex, often influencing personal identities and social interactions.

Gender Identities

The internal perception of an individual's gender, which may or may not correspond with the sex they were assigned at birth.

Gender Stereotypes

Preconceived ideas and beliefs about what behaviors, preferences, and roles are appropriate for men and women, based on their sex.

Gender Polarization

The process or concept of dividing activities, roles, and attributes based on the traditional concept of gender.