Problem regarding the common stock of nishida

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Reference no: EM13992026

Devi is the chief executive officer of Nishida Limited. Devi owns 20% of the common stock of Nishida. During the current year, Devi's salary is $60,000 and he receives a $30,000 bonus. Nishida has taxable income of $200,000 and pays $80,000 in cash dividends. How much gross income does Devi have if

a. Nishida is a corporation?

b. Nishida is an S corporation?

Reference no: EM13992026

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