Free Typing Test

Instructions: Click on the start button to begin your test. The cursor will automatically be placed in the text area ready for you to type. Just start typing. Then 60 seconds is up, you will not be allowed to type anymore. Press the "Contrast" button to see your results.

You can even profit from this transaction: As the stockholder, you could take the position that the fair rental value of the corporate offices is higher than the proportionate share of the mortgage and the real estate tax payments you have to make. For example, if your mortgage and tax payments total $1,000 a month and your corporation uses two rooms of your eight room house, you could conceivably and reasonably argue that $500 a month (rather than the $250 that would be the proportionate share) is a reasonable rent for a two-room office in your neighborhood. Then, as the homeowner (or cooperative or condominium owner), you would be able to take 100 percent of all the deductions on your individual tax return: interest amortization, real estate taxes, and so on. You would have to report the rent your corporation pays you as income, but this way you are withdrawing funds from your corporation that will be deductible by the corporation: sales, rentals, anything but dividends, since dividends would be taxed twice.
 

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