Tax bills of natalie and corporation

Assignment Help Project Management

Reference no: EM13991787

Natalie operates her bookkeeping service as a corporation. She is the sole share- holder and is an employee functioning as the chief operating officer. The corporation employs several other individuals and offers them good fringe benefits: group term life insurance, health insurance, disability insurance, and a 12% qualified pension plan. Natalie's good friend, Ricci, operates a custom software development company. The business is an S corporation, and Ricci is the sole shareholder. She is also an employee who serves as the manager. Upon Natalie's recommendation, Ricci copies the fringe benefit package of Natalie's corporation. Assume both businesses are quite profitable.

a. How do the employee benefits affect the tax bills of Natalie and her corporation?

b. How do the employee benefits affect the tax bills of Ricci and her corporation?

c. Write letters to both Natalie and Ricci explaining these tax ramifications.

Reference no: EM13991787

Questions Cloud

Doctoral process-what are the pros and cons : Peer-review is an important part of the doctoral process that many learners do not take advantage of because they are unable to establish productive working relationships. Discuss what your expectations are for your peers reviewing your work. What ar..

The reflective practice-couple effective techniques : The reflective practice is important for all researchers to implement in their daily practice. I encourage students learn the multiple ways of asking a question. There are several techniques that will serve you well during the research process. Can y..

Make a concept map that showstheconnections : Make a concept map that showstheconnections between these theories / concepts of biology. Include a brief statement of each theory and show the interconnectedness of these theories. Who are the famous biologists who are associated with these theories..

About the recent deterioration of a section of the roof : A manager is quite concerned about the recent deterioration of a section of the roof on a building that houses her firm's computer operations. According to her assistant there are three options which merit consideration:

Tax bills of natalie and corporation : a. How do the employee benefits affect the tax bills of Natalie and her corporation? b. How do the employee benefits affect the tax bills of Ricci and her corporation?

Create environment of respect for and attention to diversity : List in bullet points what you would do as a CEO to: Create an environment of respect for and attention to diversity in your workplace. Prepare an employee for expatriation to one of your global offices.

Although a new nation was created under the constitution : Although a new nation was created under the Constitution in 1789, there were already significant differences between the North a nd the South . Discuss the evolution of the South as a distinctive region economically. What role did slavery play? How d..

Dogs come in all sorts of shapes and sizes : Question 1Dogs come in all sorts of shapes and sizes, while house cats are relatively homogeneous. How come? Question 2Turkeys on poultry farms are artificially inseminated. Why can't they mate like those in the wild do?

What motivational approaches does your organization use : What motivational approaches does your organization use? You can use the organization where you currently work or have worked, where you have volunteered, or where you have been involved in some way-as long as you have sufficient information to fu..

User Account

All Pages