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What is Jack total direct and constructive ownership

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Problem - BJT Corporation is owned 40 percent by Bill, 30 percent by Jack, and 30 percent by the Trumpet Partnership. Bill and Jack are father and son. Jack has a 10 percent interest in Trumpet Partnership. What is Jack's total direct and constructive ownership of BJT Corporation under Section 267?

a. 30 percent

b. 70 percent

c. 100 percent

d. 73 percent

e. 33 percent

Reference no: EM132675846

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