Assume that kaye company is a sole proprietorship and
Jay owns 100% of Kaye Company. Jay (an individual) is in the 39.6% tax bracket. Assume that Kaye Company is a sole proprietorship and distributes $50,000 of cash to Jay. How much tax must Jay pay on this $50,000 distribution?
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jay owns 100 of kaye company jay an individual is in the 396 tax bracket assume that kaye company is a sole
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