Charlie, who is in the 37 percent marginal tax bracket, is the president and sole owner...

Charlie, who is in the 37 percent marginal tax bracket, is the president and sole owner of Charlie Corporation (a C corporation in the 21 percent tax bracket). His current salary is $700,000 per year. Whar are the income and FICA tax consequences if the IRS determines that $200,000 of his salary is unreasonable compensation?

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ekkarill92 answered 1 year ago

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Charlie, who is in the 37 percent marginal tax bracket, is the president and sole owner...

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