You Are Given the Following Facts About a Solely Owned

question 66

Multiple Choice

You are given the following facts about a solely owned S corporation.What is the shareholder's ending stock basis? Increase in AAA $31,000 Increase in OAA 6,300 Payroll tax penalty 2,140 Beginning stock basis 39,800 Stock purchases 22,000 Tax-exempt life insurance proceeds 4,800 Life insurance premiums paid (nondeductible) 2,700

• A)$61,800
• B)$68,100
• C)$99,100
• D)$100,100

---

Definitions:

Negative Reinforcement

A behavioral modification technique where a response increases because a negative condition is removed or avoided.

Tardiness

The act of being late or delayed beyond the scheduled or expected time.

Intermittent Reinforcement

The giving of rewards for behaviour only periodically.

Punishment

A consequence applied in response to undesired behavior, intended to reduce or eliminate that behavior.