Memorandum Opinion
VAN FOSSAN, Judge:
The respondent determined deficiencies for the year 1941, as follows:
Income tax ......................... $14,412.66 Declared value excess profits tax .. 5,396.98 Excess profits tax ................. 47,485.02
The only issue is the reasonableness of salaries paid to two office and three employees.
[The Facts]
Petitioner is an Ohio corporation organized in...
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