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wel
2 years ago
15

If a corporation has S corporation status, it must pay income taxes at the corporate level. Group of answer choices True False

Business
1 answer:
s2008m [1.1K]2 years ago
6 0

It is <u>False</u> that if a corporation has S corporation status, it must pay income taxes at the corporate level.

<h3>What is an S corporation?</h3>

An S corporation is a corporation whose profits or losses are not assessed for corporate taxes.

Instead, the profits and losses of an S corporation are passed through to the business and reported on the owners' personal tax returns.

Thus, it is <u>False</u> that if a corporation has S corporation status, it must pay income taxes at the corporate level.

Learn more about S corporation income tax status at brainly.com/question/14778467

#SPJ1

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Which of the following is/are true about PPE?
4vir4ik [10]

Answer:

d

Explanation:

personal protective equipment commonly referred as"PPE" is equipment worn to minimize exposure to hazards that cause serious workplace injuries and etc.

6 0
4 years ago
Read 2 more answers
Drag the tiles to the correct boxes to complete the pairs.
STALIN [3.7K]

Answer:

I. Science.

II. Engineering.

III. Mathematics.

Explanation:

Environmental science can be defined as an interdisciplinary field of science that comprises of chemistry, economics, engineering, zoology, geography, geology, biology, ecology, physics, etc., used for the study and understanding of various environmental factors, issues in relation to human life.

Some of the branches of study term matched to their respective example include the following;

I. Science: sodium reacts with chlorine to form sodium chloride. Science can be defined as a branch of intellectual and practical study which systematically observe a body of fact in relation to the structure and behavior of non-living and living organisms (animals, plants and humans) in the natural world through experiments.

II. Engineering: traffic signal design. Engineers are saddled with the responsibility of designing and developing end user (customers) physical tools or equipments, which are used for a specific purpose.

III. Mathematics: determine the percentage loss in sales of a product. This branch of study deals with solving for unknown variables or quantities in a mathematical expression.

3 0
3 years ago
Which of the following business practices, which forced competitors to shut down, was Standard Oil accused of engaging in?
Bad White [126]
The type of business practice that will force competitors to shut down is letter B. predatory pricing. Predatory is a way of shutting competitors even though is it is highly risky. It has the way of shutting competitors by providing lower prices of their products in order for other competitors to be driven out and shut down of the market.
6 0
3 years ago
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Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,00
hichkok12 [17]

Answer:

O Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000.

Explanation:

Dividend declared = $0.5 per share

Total Authorized shares = 20,000 shares

Total Issued Shares = 9,000 shares

Total Outstanding shares = 8,000 shares

As outstanding shares are only eligible shares for the dividend payment.

Total Dividend Payment = $0.5 per share x 8000 shares

Total Dividend Payment = $4000

Journal Entry for this event

                                 Dr.             Cr.

Retained Earning    $4,000

Common Dividend Payable   $4,000

8 0
4 years ago
A problem is listed below. Identify its type. Mr. Garcia is planning for retirement. He deposits $750 each month into a retireme
andreev551 [17]

Answer:

$361,648

Explanation:

PMT (Monthly Deposit) = $750

i/r = 8%/year

   = 8/12 = 0.67%/month

n = 18 years = 18 x 12 = 216 months

PV = 0

Input these above information into excel/financial calculator, we have:

FV (Amount he has when he retires) = $361,648

OR we can do the calculation manually:

FV = (750 x 1.0067^216)+ (750 x 1.0067^215) + ... (750x1.0067^1) + 750

    = $361,648

6 0
3 years ago
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