Jake,the Sole Shareholder of Peach Corporation,a C Corporation,has the Corporation

question 39

True/False

Jake,the sole shareholder of Peach Corporation,a C corporation,has the corporation pay him $100,000.For tax purposes,Peach would prefer to have the payment treated as salary instead of dividend.

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Definitions:

Wilhelm Wundt

A German physiologist and psychologist who is recognized as the founder of experimental psychology and the first person to call himself a psychologist.

American Psychological Association

The largest scientific and professional organization of psychologists in the United States, dedicated to advancing psychology as a science, profession, and means of promoting health, education, and human welfare.

Mary Whiton Calkins

Mary Whiton Calkins was a pioneering American psychologist and philosopher, known for being the first female president of the American Psychological Association.

Positive Reinforcement

A technique in behavior modification that involves rewarding a desired behavior to increase the likelihood of its recurrence.