For the current year, Maple Corporation, a C corporation, reports taxable income of $265,000 before
For the current year, Maple Corporation, a C corporation, reports taxable income of $265,000 before paying salary to its sole shareholder, Diane. DianeAc€?cs marginal tax rate on ordinary income is 35 percent and 15 percent on dividend income. If Maple pays Diane a salary of $200,000 but the IRS determines that DianeAc€?cs salary in excess […]