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BJT Corporation is owned 40 percent by Bill, 30 percent by Jack, and 30 percent by...

BJT Corporation is owned 40 percent by Bill, 30 percent by Jack, and 30 percent by the Trumpet Partnership. Bill and Jack are father and son. Jack has a 10 percent interest in Trumpet Partnership. What is Jack’s total direct and constructive ownership of BJT Corporation under Section 267?

a.30 percent.

b.100 percent.

c.73 percent.

d.70 percent.

e.33 percent.

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ekkarill92 answered 1 year ago
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