Patrick,an attorney,is the sole shareholder of Gander Corporation.Gander is a PSC with a fiscal year ending October 31.The corporation paid Patrick a salary of $360,000 during its fiscal year ending October 31,2008.How much salary must Gander pay Patrick during the period November 1 through December 31,2008,to permit the corporation to continue to use its fiscal year without negative tax effects?
A) $0.
B) $30,000.
C) $60,000.
D) $120,000.
E) None of the above.
Correct Answer:
Verified
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