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Is there any tax advantage to a 100 percent shareholder-employee of an S corporation compared to a shareholder-employee of a C corporation under the following circumstances: shareholder- employee salary is $75,000; the corporate income before the $75,000 salary and any related employment expense is $100,000? The corporation also distributes $15,000 to the shareholder. The shareholder is single, has no dependents, and uses the standard deduction. Yes or No?

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Financial Accounting, Accounting

Category:- Financial Accounting
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