Fitness design reports taxable income of 70000 and pays, Ask an Expert

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Cynthia owns 10% of the stock of Fitness Design Corporation (a regular C corporation), and is its manager. Fitness Design reports taxable income of $70,000 and pays $60,000 in dividends to shareholders before considering payments to Cynthia. Cynthia receives a $75,000 salary. What is Cynthia's income from Fitness Design?

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Accounting Basics, Accounting

Category:- Accounting Basics
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