Gaudy Gift Gallery Corporation (owned 100 percent by Barbara) operates a gift shop. Barbara employs...
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Accounting
Gaudy Gift Gallery Corporation (owned 100 percent by Barbara) operates a gift shop. Barbara employs her daughter, Jenny, after school and on weekends. Other employees with similar responsibilities are paid $10 per hour while Jenny earns $18 per hour. Jenny earned $15,000 in the current year from the store. Is Jennys salary fully deductible by the corporation? Explain.
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