(Solution) - Enterprise Business Systems pays the 5 000 health and accident -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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Enterprise Business Systems pays the $5,000 health and accident insurance policy of its owner, Gena. The business's net operating income for the year is $60,000 before considering Gena's benefit. Determine the business's net income for the year and the tax effects for Gena for each of the following entities:
a. A sole proprietorship
b. A partnership
c. A corporation
d. An S corporation