Paula Is the Sole Shareholder of Violet, Inc

question 99

Multiple Choice

Paula is the sole shareholder of Violet, Inc. For 2017, she receives from Violet a salary of $300,000 and dividends of $100,000. Violet's taxable income for 2017 is $500,000. On audit, the IRS treats $100,000 of Paula's salary as unreasonable. Which of the following statements is correct?

• A)Paula's gross income will increase by $100,000 as a result of the IRS adjustment.
• B)Violet's taxable income will not be affected by the IRS adjustment.
• C)Paula's gross income will decrease by $100,000 as a result of the IRS adjustment.
• D)Violet's taxable income will decrease by $100,000 as a result of the IRS adjustment.
• E)None of the above is correct.

Identify strategies for de-escalating conflicts.

Recognize the importance of shared goals and commonalities in negotiations.

Understand the role of perception and bias in conflict and negotiation.

Comprehend the psychological and procedural methods for gaining insight into the opponent's perspective.

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Definitions:

Gender Inequality

The disparity in status, opportunities, and treatment experienced by individuals based on their gender, often favoring males and disadvantaging females in various societal aspects.

Family Planning

The practice of controlling the number and spacing of children in a family through the use of contraception or other methods of birth control.

Secure Future

A concept or condition wherein stability, safety, and prospects of continued wellbeing and prosperity are assured.