The Portion of a Shareholder-Employee's Salary That Is Classified as Unreasonable

question 105

True/False

The portion of a shareholder-employee's salary that is classified as unreasonable has no effect on the amount of a shareholder-employee's gross income, but results in an increase in the taxable income of the corporation.

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Definitions:

Transsexuality

A phenomenon in which a person is intent to live through actions, dress, hormone therapy, and/or surgery as a gender other than that assigned at birth. Most (but not all) transsexuals engage in some process of altering either primary or secondary sexual characteristics through hormone treatment or surgery or both.

Cross-dressing

The act of wearing clothes traditionally worn by the opposite sex, often for personal, entertainment, or expression purposes.

Transgender Group

A community or collective of individuals whose gender identity differs from the sex they were assigned at birth.

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond to their sex assigned at birth.