Jake, the Sole Shareholder of Peach Corporation (A C Corporation)

question 1

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 a dividend instead of salary.

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Definitions:

Business Messages

Communication conveyed through various channels that is related to the operations, products, services, and strategies of a business.

Chatting

Engaging in informal conversation or talk, especially on the internet or via texting.

Customers

Individuals or organizations that purchase goods or services from a company.

Written Media

Forms of communication expressed through writing, including books, articles, emails, and social media posts.