Mathematics, 02.07.2021 17:40 iamasia06
Which of these shareholder-employees seems to be receiving reasonable compensation from the S corporation?
Ashlynn is the only shareholder-employee of an S corporation that makes $213,179 a year. She paid herself a salary of $56,321, which is comparable to other employees in her field of work.
Boniface is one of six shareholder-employees of an S corporation with a fireworks superstore, which makes $348,792 a year. He pays himself a salary of $20,000 for his full-time position running the company on a daily basis.
Quintin is an optometrist who owns an S corporation, which makes $553,468 a year, with two other shareholders. He pays himself a salary of $53,467. Comparable optometrist salaries range from $110,000 to $150,000. ERROR
Ravyn is a shareholder-employee of an S corporation that makes $64,789 a year. She pays herself a salary of $1,000.
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Which of these shareholder-employees seems to be receiving reasonable compensation from the S corpor...
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