Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Homework Help/Study Tips Expert

Kirby and his wife Melinda own all of the stock of Thrush. Melinda is the president, and Kirby is the vice president. Melinda and Kirby are paid salaries of $500,000 and $350,000, respectively, each year. They consider the salaries to be reasonable based on a comparison of salaries paid for comparable positions in comparable companies. They project Thrush's taxable income for next year, before their salaries, to be $975,000. They decide to place their three teenage children on the payroll and to pay them total salaries of $125,000. The children will each work about 5 hours per week for Thrush.

a. What are Kirby and Melinda trying to achieve by hiring their children?

b. find out the tax consequences on Thrush and on Kirby and Melinda's family of hiring the children.

Homework Help/Study Tips, Others

  • Category:- Homework Help/Study Tips
  • Reference No.:- M942431

Have any Question? 


Related Questions in Homework Help/Study Tips

Philosphy of educationinstructionscreate a presentation or

Philosphy of Education Instructions Create a presentation or document to share with families that describes your philosophy of education. Include: Your belief of how young children learn Your role as a teacher The role o ...

Primary task response within the discussion board area

Primary Task Response: Within the Discussion Board area, write 400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classma ...

1 what are the benefits for women of a knowledge of

1. What are the benefits for women of a knowledge of contraception both now and in earlier years? What did you think of Margret Sanger's article and her activism? Are young women and young men today taught about contrace ...

Juvenile delinquency risksdiscuss the most important risk

Juvenile Delinquency Risks Discuss the most important risk and protective factor for juvenile delinquency. Support your answer. What intervention or prevention can we use to reduce the effects of your chosen risk factor?

Assignment discussion-violence in mediathe impact of the

Assignment : Discussion-Violence in Media The impact of the media on violence is an area of ongoing debate. This media includes, but is not limited to, video games, movies, and news reporting. The debate focuses on the w ...

Assignment term projectreview the naeyc code of ethical

Assignment: Term Project Review the NAEYC Code of Ethical Conduct. Read the following scenario. Not more than 3 pages. Typed, spell checked, and edited Jeffery and Susie are 4 years old. They have a love -hate relationsh ...

Assignmento1 watershedsimagine if you were the

Assignment O1.) WATERSHEDS Imagine if you were the environmental manager responsible for assessing the value of the Neponset River Watershed. The area of the Neponset River Watershed is 300 km2, and 330,000 people live i ...

Assignment introduction thesis statement and annotated

Assignment: Introduction, Thesis Statement, and Annotated Bibliography Prepare: To help with the preparation of your annotated bibliography, review the following tutorials and resources from the Ashford Writing Center: • ...

Unethical business practices-identify an unethical business

Unethical Business Practices- Identify an unethical business decision you have experienced either in the business for which you work, or one with which you are familiar from current events. Compose a 1,050-word analysis ...

In this assignment a minimum of 350 words required with

In this Assignment a minimum of 350 words required with references. Focus on single-subject designs and how these designs can be used for the implementation of function-based behavior intervention plans (BIPs). These des ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen