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combined the bookkeeping and the tax preparation duties. As a
practical matter, Betsy ran the Sley Corporations by the time
Brown was hired, and Betsy supervised Brown.
Salaries and Dividends
Beatrice started receiving a salary from the Sley
Corporations in 1978, when she and Hicks took over the operations
of the Sley Corporations. Beatrice also received dividends from
the Sley Corporations.
Before 1980, Betsy and Ben received dividends, but not
salaries, from the Sley Corporations. In 1980, Betsy received a
salary of $25,000. From 1981 through 1987, Betsy and Ben each
received salaries of at least $100,000. In 1986, each of them
received a salary of $124,583. Betsy and Ben were not doing
anything more for the Sley Corporations in 1981 and later years
than they were doing before 1981.
Neither Betsy nor Ben set the salaries for themselves or for
their mother. Betsy does not know why she received her salary
from Markette,6 nor does she know why she received the amounts of
salaries she received. Likewise, Ben does not know why he
received his salary from Brine Corp.,7 nor does he know why he
6 Betsy received her salary exclusively from Markette,
except for 1983, when she also received $1,562 from Girard
Holding Co., Inc.
7 Ben received his salary exclusively from Brine Corp.,
except for 1983, when he also received $1,563 from Girard Holding
Co., Inc.
(continued...)
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