M incorporated a business and allocated some of the shares to her 10 ?year-old child. The child...
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Accounting
M incorporated a business and allocated some of the shares to her ?yearold child. The child paid for the shares with funds received from a grandparents estate. During the current year the child received dividends of $ ?from the corporation but has no other income. These dividends are taxable at the highest marginal tax rate. Is this statement true or false?
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