1. A gift to a corporation is treated as a gift to the:

a. individual shareholders

b. corporation

c. shareholder with the highest ownership percentage

d. corporation but the corporation must distribute to the shareholders.

2. You expect to receive bonuses at the end of each year for the next five years. Assume you can invest all of your bonuses at 4.5%, and the bonuses are as shown below, match each amount to its future value at the end of the five years, then match the total to the appropriate box.

Year 1: $500

Year 2:$1,200

Year 3: $1000

Year 4: $2,400

Year 5: $2,200