Find the tax impact on the ceo

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Reference no: EM1377508

It has been evaluated by the IRS that $200,000 of the CEO's salary is a constructive dividend. Suppose the corporation has $5,000,000 in current E&P.

Find the tax impact on the CEO,

Determine what is the tax impact on the corporation, please be very specific in your answer.

Reference no: EM1377508

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