John and his following relatives own a total of 80% of S Corporation: Wife, Son, Grandmother, Great Uncle, Grandson, Aunt and Cousin. The other 20% of the S Corporation is owned by 5 unrelated individuals. How many S Corporation shareholders are there for purposes of determining the maximum 100 shareholder rule?

Lucas currently owns 350 shares of Tidewater Bay, Inc. Each share is worth $42. If the company declares a 5-for-3 split, Marcus will own _______ shares at a value of ________ per share after the split. 1. 210; $25.20 2. 210; $70.00 3. 583.33; $25.20 4. 583.33; $42 5. 583.33; $70.00

Frog Corporation is owned equally by Sandy, her husband Tom, her daughter Caitlin, and her grandmother, Martha. Each shareholder owns 200 shares in the company. Under the family attribution rules, how many shares of Frog stock is Sandy deemed to own? Multiple Choice 200 400 600 800

The White Summer Ski Lodge, Inc. has one class of common stock owned as follows: 20% by Winston Green 18% by Winston's nephew, Vincent 17% by Winston's old high school friend, Bud ( Bud and Winston both invested in the Landview Limited Real Estate partnership). 25% by a trust with Winston's wife Sylvia as trustee. The equal beneficiaries are Sylvia's mother, Kimberly, and Winston's brother, Kirk. 20% by Kirk's wife, Hester. Winston owns, directly or indirectly, the following percentage of the stock in the corporation: a. 82% b. 100% c. 49.5% d. 69.5%