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

Please answer the following question 100 words women played

Please answer the following question 100 words Women played an important role in the progressive movement during the pre-civil war period in the United States of America. Identify and discuss specific women during this p ...

Questiondiscuss the four ethical dilemmas defense attorneys

Question Discuss the four ethical dilemmas defense attorneys face. How should each be handled in your opinion?   Your response should be at least 200 words in length.

1 identify a real world current event to which a

1) identify a real world current event to which a method/procedure/model reviewed that week can be applied 2) discuss the benefits, limitations and challenges associated with applying it, and 3) describe a minimum of one ...

Peggy realizes she cant really run this company by herself

Peggy realizes she can't really run this company by herself and day to day operations will entail tasks such as securing sales contracts, knocking on doors, making phone calls, developing her ideas into marketable gaming ...

Media analysis - students should select a a film that has

Media Analysis - Students should select (a) a film that has race as a major theme (e.g., Crash; Mississippi Burning; A Time to Kill; American History X); OR (b) a TV program or programs that deal with racial content (e.g ...

Primary task response within the discussion board area

Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your cla ...

Need help with doing a discounted cash flow analysis

Need help with doing a Discounted Cash Flow analysis, Football field analysis and a WACC... What I will submit is work that has already been done, but I don't understand if is correct and how it is derived.  What it incl ...

Assignment project paper - comparative essaythe project

Assignment: Project Paper - Comparative Essay The project will be based on research but will reflect your views and interpretation of the topic. This project is designed to help you stretch your mind and your abilities a ...

Please comment on the following post regarding social

Please comment on the following post regarding social marketing campaign for obesity. Discussion - COLLAPSE A potential social marketing campaign for obesity in low income families is "5-4-3-2-1 Go!" a community based or ...

Write a 700- to 1050-word paper analyzing the humanistic

Write a 700- to 1,050-word paper analyzing the humanistic approaches to personality. Your paper should cover the following areas: Compare person-centered theory with Maslow's hierarchy of needs. Use Maslow's hierarchy of ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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