Mr and Mrs

question 63

Multiple Choice

Mr. and Mrs. Williams are the sole shareholders of Lessing, Inc., a regular corporation. Last year, Lessing employed the Williams' son and paid him a $50,000 salary. During a recent IRS audit, the revenue agent discovered that the son rarely shows up for work and spends most of his time playing golf. Which of the following statements is true?

• A) The IRS can treat the $50,000 payment as a constructive dividend to the son.
• B) The IRS can treat the $50,000 payment as a constructive dividend to Mr. and Mrs. Williams.
• C) The IRS can disallow Lessing's $50,000 deduction for the son's salary.
• D) Both B. and C. are true.

Understand the global environmental policies and their historical context.

Examine the technological and societal shifts resulting from the agricultural and industrial-medical revolutions.

Understand key individuals and their contributions to conservation and environmental movements.

Identify and comprehend the attitudes and practices of native cultures towards the environment.

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Definitions:

Kübler-Ross's Stages

A series of five emotional stages experienced by survivors of an intimate's death: denial, anger, bargaining, depression, and acceptance.

Mortality

The state of being subject to death; often used statistically to refer to the rate of death in a population.

Median Age

The age that divides a population into two numerically equal groups, half of the people being older than this age and half younger.

Canadian

Pertaining to Canada or its people, culture, or characteristics.