Tax court''s holding will reduce the total tax she pays

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Emma, the sole shareholder of Quail Corporation (a C corporation), has the corporation pay her a salary of $300,000 in 2008. The Tax Court has held that $80,000 represents unreasonable compensation. Assuming Emma is in the 35% bracket in 2011, the Tax Court's holding will reduce the total tax she pays in 2011 True?

Reference no: EM131115884

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