Sam owns 60 percent of the stock of Club Corporation. Unrelated individuals own the remaining 40 percent. For a stock redemption of Sam's stock to be treated as an exchange under the "substantially disproportionate" test, what percentage of Club stock must Sam own after the redemption

c. Any percentage less than 48 percent.

Explanation:

For a shareholder's distribution to be considered to be Substantially Disproportionate it needs to be the lesser of 2 criteria;

Sam owns 60% and 80% of that is;

= 80% * 60%

= 48%

Sam should own less than 48% after the redemption.

88 this time can i be brainliest

ty sm

: )

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.