What is the tax impact on the corporation please be very, Ask an Expert

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It has been determined by the IRS that $200,000 of the CEO's salary is a constructive dividend. Assume the corporation has $5,000,000 in current E&P.

What is the tax impact on the CEO, please be very specific in your answer.

What is the tax impact on the corporation, please be very specific in your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948356

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