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Other Fields Homework Help Accounting Topic started by: Mandarini on Feb 15, 2017



Title: Identify which of the following statements is true.
Post by: Mandarini on Feb 15, 2017
Identify which of the following statements is true.
A) Fringe benefits limited by the more-than-2%-shareholder rule include stock options, group term life insurance premiums, and medical insurance premiums.
B) A shareholder owning 2% or more of an S corporation's stock, who is also an employee of the corporation, must include all statutory fringe benefits in gross income on his/her individual return.
C) Section 318 stock attribution rules are used to define 2% or more shareholders of S corporation's stock.
D) All of the above are false.


Title: Re: Identify which of the following statements is true.
Post by: Rimoun on Feb 15, 2017
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Title: Re: Identify which of the following statements is true.
Post by: Mandarini on Jul 15, 2017
finished my 2 tests in under 30 min thanks to you