DrStone Incorporated Her Medical Practice and Elected to Use a Fiscal

question 69

Essay

Dr.Stone incorporated her medical practice and elected to use a fiscal year ending September 30.For the fiscal year ending September 30, 2019, the corporation earned $40,000 profits each month, before Dr.Stone's salary and income tax.Dr.Stone received a salary that averaged $30,000 per month.Next year (fiscal year ending September 30, 2020), Dr.Stone expects the average monthly profits before salary and taxes to be $48,000.What is the minimum salary Dr.Stone can receive for the last three months of calendar year 2019 to ensure that the corporation can deduct salary equal to the corporation's before salary income for the fiscal year ending September 30, 2020?

---

Definitions:

Attention-Getter

A technique or statement used to capture the audience's interest or focus at the beginning of a speech or presentation.

Persuasive Message

is a form of communication aimed at convincing the recipient to change their perspective, belief, or behavior through logical argument, emotional appeal, or credibility.

Product

An item or service produced or provided by a company, intended for sale and use by consumers or other businesses.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, structured as a pyramid with five levels of needs, from basic physiological needs to self-actualization, affecting human motivation.