Jake, the Sole Shareholder of Peach Corporation, a C Corporation

question 49

True/False

Jake, the sole shareholder of Peach Corporation, a C corporation, has the corporation pay him $100,000. For income tax purposes, Jake would prefer to have the payment treated as dividend instead of salary.

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Definitions:

Kohlberg's Moral Reasoning Theory

A theory that proposes that moral reasoning, the basis for ethical behavior, has six identifiable developmental stages, each more adequate at responding to moral dilemmas than the last.

College Graduation

The completion of academic requirements that culminate in the earning of a college degree, recognized during a formal ceremony.

Men

Adult human males.

Women

Adult human females.