MrAnd MrsWilliams Are the Sole Shareholders of Lessing,Inc

question 35

Multiple Choice

Mr.and Mrs.Williams are the sole shareholders of Lessing,Inc.,an S 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 disallow Lessing's $50,000 deduction for the son's salary.
• B)The IRS can treat the $50,000 payment as a constructive dividend to the son.
• C)The IRS can treat the $50,000 payment as a constructive dividend to Mr.and Mrs.Williams.
• D)The discovery has no tax consequences to Mr.and Mrs.Williams or their son.

Distinguish between true ribs, false ribs, and floating ribs in the thoracic cage.

Comprehend the development and significance of fontanels in the human skull.

Understand the role and structure of the sternum in relation to the ribs and clavicle.

Describe the composition and function of the thoracic cage, including its vertebrae and rib attachments.

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Definitions:

Lions Hunt

The cooperative hunting strategy employed by lions, often involving a combination of individuals who stalk, chase, and ambush prey.

Fitness Payoffs

The benefits an organism gains from a particular behavior or trait in terms of reproductive success and survival.

Reciprocity

A form of social interaction where an action benefiting another is repaid at a later time, often contributing to social bonding and cooperation.

Lions Hunt

A cooperative behavior seen in lions, where members of a pride work together to stalk, chase, and bring down prey, highlighting their social nature.