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Alexeev081 [22]
1 year ago
11

An IRS category of corporation that is treated like a partnership for tax purposes, avoiding taxation of corporate profits and s

ubsequent taxation of dividends to shareholders, is called a(n) .
Business
1 answer:
jok3333 [9.3K]1 year ago
8 0

An IRS category of corporation that is treated like a partnership for tax purposes, avoiding taxation of corporate profits and subsequent taxation of dividends to shareholders ,is called a(double taxation)S corporations.

<h3>What Is an S Corporation?</h3>

S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income at the entity level.

To be an S Corporation, your business first needs to be set up as a corporation by filling and submitting documents like the Articles of Incorporation or Certificate of incorporation to the appropriate government authority, along with the applicable fee.

Learn more about S Corporation on:

brainly.com/question/14839306

#SPJ4

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Ramses Corporation produces a product that passes through two processes. During April, the first department transferred 19,000 u
hram777 [196]

Answer: See explanation

Explanation:

A. The number of units started in the second department during April will be the number of units that is transferred in from the first department. This will be

= 19000 units

B. The number of units completed in the second department during April will be:

= Beginning units + Started Unit - Ending units

= 4000 + 19000 - 5500

= 17500 units

C. The number of units started and completed in the second department during April will be:

= Completed units - units in beginning WIP

= 17500 – 4000

= 13500 units.

3 0
3 years ago
ix company issued 16,000 shares of $10 par value common stock at a market price of $21. as a result of this accounting event, th
Nikolay [14]

Answer:

increase by $336,000.

Explanation:

Options are <em>"1. increase by $176,000.  2. increase by $336,000.  3. increase by $160,000.  4. be unaffected."</em>

<em />

Common stock will increase by $160,000, the par value, and paid-in capital in excess of par value will increase by $176,000, for a total increase in stockholders' equity of $336,000.

3 0
3 years ago
In a fee-for-service health insurance plan with a $6,500 annual deductible, _____.
In-s [12.5K]

Answer:

A.

Explanation:

3 0
2 years ago
Hamilton believed that, together, his funding and assumption programs would A) gain the monetary and political support of the ri
ICE Princess25 [194]

Answer:

A) gain the monetary and political support of the rich for the federal government.

Explanation:

Hamilton theory was based on supporting the upper class of the citizens. This was to support government as the upper class would do business or great level, and that these citizens when will be given money for there business as debt to be paid back to government, will work harder and will help achieve the economy its targets.

This entire scheme/ strategy will help the federal government to gain success, and achieve a state of better financial viability in the entire economy.

With more opportunities and efforts the economy will better off automatically.

3 0
3 years ago
6. The effects of inflation Suppose Friendly Airlines is considering signing a long-term contract with the union representing it
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If inflation is lower than expected, it would benefit the union and it would be a disadvantage to Friendly Airlines because the real wage increase would now be 4%.

<h3>What is inflation?</h3>

Inflation is when there is a general increase in the general price level of an economy. If inflation turns out to be lower than expected, the employers would be at a disadvantage while the employees would be at advantage because there would be an increase in their real wages.

Increase in real wage = real increase in wage + (expected inflation + actual inflation)

3% + (6% - 5%) = 4%

To learn more about inflation, please check: brainly.com/question/15692461

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8 0
1 year ago
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