Samantha Owned 1,000 Shares in Evita,Inc

question 38

Multiple Choice

Samantha owned 1,000 shares in Evita,Inc.,an S corporation,that uses the calendar year. On October 11,2008,Samantha sells all of her Evita stock. Her basis at the beginning of 2008 was $60,000. Her share of the corporate income for 2008 was $22,000,and she receives a distribution of $37,000 between January 1 and October 11. Her basis at the time of the sale is:

• A)$45,000.
• B)$60,000.
• C)$75,000.
• D)$82,000.
• E)Some other amount.

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Definitions:

Physical Risk

The potential for bodily harm or health hazards that individuals may face in various activities or environments.

Social Risk

Social risk in consumer behavior refers to the potential for a product or service to adversely affect the user's social standing, image, or relationships with others.

Psychological Risk

The potential for a product or service to evoke negative emotional states or threaten one's self-concept.

Public or Private

Categories that distinguish between entities or spaces owned and managed by the government (public) and those owned by individuals or corporations (private).