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Trava [24]
3 years ago
12

Although it is a small company, Zorn Enterprises owns a large number of inexpensive rental housing units in Texas and Louisiana.

Currently, the company is a chartered C corporation, but the owners are interested in switching to be an S corporation. After consulting a lawyer, they learned that Zorn Enterprises does not qualify to be designated as an S corporation. Which of the following characteristics of Zorn Enterprises would prevent it from becoming an S corporation? A. The firm has fewer than 75 stockholders.B. The firm is chartered in one state, but owns property in another.C. The firm has only one class of stock, all owned by U.S. citizens.D.The firm receives more than 70 percent of its income from rents and other passive sources.
Business
1 answer:
inna [77]3 years ago
7 0

Answer:

D) The firm receives more than 70 percent of its income from rents and other passive sources.

Explanation:

Many small corporations change from C corporations to S corporations since S corporations eliminate the double taxation issues. Although S corporations have some limitations specially regarding the number of stock owners (currently limited to 100) and their nationality or legal residence status. They can only issue one type of stock which limits their ability to increase capital. S corporations cannot have more than 70 percent of their income from passive sources (this includes rent).  

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Ronch [10]

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Kyla replaces Lomax in his job at Motor Corporation. Lomax believes that he has been discriminated against on the basis of his a
nekit [7.7K]

For the Age Discrimination in Employment Act to apply Lomax must be forty years of age or older.

<h3>What is  Age Discrimination in Employment Act?</h3>
  • Age discrimination against anyone over the age of 40 is prohibited by the Age Discrimination in Employment Act (ADEA).
  • It does not cover workers under the age of 40, while some states have legislation prohibiting age discrimination against younger workers.
  • Certain applicants and employees 40 years of age and older are protected from age discrimination in hiring, promotion, discharge, salary, or terms, conditions, or privileges of employment under the Age Discrimination in Employment Act of 1967 (ADEA).
  • If a company promotes ageism in the workplace, it is likely to observe a decrease in productivity and an increase in attrition.
  • A business with low morale and an inability to retain a steady workforce has little prospect of long-term success.

Therefore, for the Age Discrimination in Employment Act to apply Lomax must be forty years of age or older.

Know more about Age Discrimination in Employment Act here:

brainly.com/question/26408615

#SPJ4

The correct question is given below:
Kyla replaces Lomax in his job at Motor Vehicle Manufacturing Corporation (MVMC).

Refer to Fact Pattern 18-1. Lomax believes that he has been discriminated against on the basis of his age. For the Age Discrimination in Employment Act to apply

6 0
1 year ago
Indicate which of the four perspectives in the balanced scorecard is most likely associated with the objectives that follow.
Musya8 [376]

Answer:

Note: The complete question is attached as picture below

Objectives                                         Most associated balanced scorecard

1. Percentage of repeat                    <em>Customer Perspective</em>

customers

2. Number of suggestions for          <em>Learning and Growth perspective</em>

improvement from employees

3. Contribution margin                      <em>Financial perspective</em>

4. Brand recognition                         <em>Customer Perspective</em>

5. Number of cross-trained              <em>Learning and Growth perspective</em>

employees

6. Amount of setup time                   <em>Internal process prospective</em>

6 0
2 years ago
Waddell Company had the following balances in its accounting records as of December 31, 2015:
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a. The amount of land on the balance sheet will be $36,000 which is historical cost of the land. Land is not subject to depreciation so it is recorded at historical cost and not carrying value.

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Learn more at brainly.com/question/24540829

8 0
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