Plums software sales, John and jean own 80 percent and 20

Plums software sales

Reference no: EM13122664

John and jean own 80 percent and 20 percent respectively, of palm Corporation stock. Thanks to their hard work, Plum's software sales have sky rocketed. In its first year of operation plum's earning were minimal, but four years later, Plum grossed $10 million. plum compensated John and Jeans as follows: John received a bonus of 19 percent of net profits at the end of each year. Plum never paid any dividends. Can plum deduct any or all of the "salaries" paid to John and Jean?

Reference no: EM13122664

Questions Cloud

What will the concentration be after 14.0 minutes : The rate constant for a certain reaction is K = 8.90×10^-3 . If the initial reactant concentration was 0.950 M, what will the concentration be after 14.0 minutes.

Real-life application of linear function : Using the Library, web resources, and/or other materials, find a real-life application of a linear function. State the application, give the equation of the linear function, and state what the x and y in the application represent.

Federal estate tax : Gift tax returns were filed reporting these gifts. How much of her estate is subject to federal estate tax after considering the estate tax exemption?

What would its volume be : a sample of gas occupies 12 liters under a pressure of 1.2 atm. what would its volume if the pressure were increased to 2.4 atm? assume the the temperature of the gas does not change.

Plums software sales : John and jean own 80 percent and 20 percent respectively, of palm Corporation stock. Thanks to their hard work, Plum's software sales have sky rocketed. In its first year of operation plum's earning were minimal, but four years later, Plum grossed..

Question about domain of functions : State the domain of the following and provide a brief explanation fgor your answer: a) f(x)=sqrtx+4 b) g(x)= 2x+1/x-7 c) h(x)=3x^2+5x-3 d) l(x)=2x+3 e) m(x)=3/x^2+7

Explanation of slope : Once you have the graph of a line, how can you find its slope? Does it matter which points you choose to find the slope? Does the slope vary depending on your choice of points?

Aggregate expenditure function transformation : Explain how the aggregate expenditure function shifts in response to changes in each of the following variables:

What is meant by a function : Explain what is meant by a function. Give two real-world examples of relationships that are functions and two real-world examples that are not functions.

User Account

All Pages