Amber Company has $400,000 in net income in 2012 before deducting any compensation or other payment to its sole owner, Alfredo. Assume that Alfredo is in the 35% marginal tax bracket. Discuss the tax aspects of each of the following independent arrangements. (Assume that any salaries are reasonable in amount and ignore any employment tax considerations.)
Definitions:
Addiction
A persistent, recurring condition defined by an irresistible urge to seek drugs, persistent consumption despite adverse effects, and enduring alterations in brain function.
Dentists
Healthcare professionals specializing in the diagnosis, prevention, and treatment of diseases and conditions of the oral cavity.
Blocking
A learning process where the presence of an established conditioned stimulus interferes with the learning of a new conditioned stimulus.
Salience
The quality of being particularly noticeable or important; the state or condition by which something stands out from its surroundings or background in perception.
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