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Rajib Is the Sole Shareholder of Robin Corporation, a Calendar

question 20

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Rajib is the sole shareholder of Robin Corporation, a calendar year S corporation.Robin earned net profit of $350,000 ($520,000 gross income - $170,000 operating expenses) and distributed $80,000 to Rajib.Rajib must report Robin Corporation profit of $350,000 on his Federal income tax return.

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Definitions:

Case Managers

Professionals responsible for planning, coordinating, and monitoring services and resources to meet an individual's healthcare, educational, and social service needs.

Referred

The process of directing someone to a different person or organization for information, help, or services.

Sever Contact

The act of intentionally ending or discontinuing all forms of communication or interaction with a person or entity.

Resource Systems

Systems and networks designed to distribute and allocate resources effectively among communities or organizations.

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