Chipper Corporation, a calendar year C corporation, owns 30%…

Chipper Corporation, a calendar year C corporation, owns 30% of Simplot Corporation stock. Chipper has Net Operating Income of $836,000 and received $150,000 in dividends from Simplot (not included in Net Operating Income). Determine Chipper’s dividend received deduction (assuming the deduction is not limited by its taxable income).

Dr. Jamison is approached by Druggie McDrugerstein Pharmaceu…

Dr. Jamison is approached by Druggie McDrugerstein Pharmaceuticals, which asks him to prescribe their new pain medication.  The pharmaceutical company offers to pay him $1 per prescription.  Dr. Jamison doesn’t see a problem with this, since it’s a small amount of money and he doesn’t prescribe the medication to anyone who doesn’t have a medical need for it.  This arrangement might violate which of the following statutes?