Oneal inc. an s corporation has taxable income of 14, Ask an Expert

Accounting

O'Neal, Inc., an S corporation, has taxable income of $14 million in 2009. Assume there are two shareholders, each in the top individual tax bracket. What is the maximum DPAD tax savings for this S corporation?

A None

B $168,000

C $285,600

D $294,000

E None of the above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943714

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