Memorandum Findings of Fact and Opinion
HALL, Judge:
Respondent determined a deficiency in petitioner's Federal income tax of $43,292 for the fiscal year ended September 30, 1970.
The single issue is whether the salary and bonus paid by petitioner to its president in the fiscal year ended September 30, 1970 constituted reasonable compensation deductible as a business expense.
Findings of Fact
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