These are the choices I found on the internet:
A. C corporations are generally not subject to corporate income tax.
B. C corporations are separate entities for tax purposes.
C. Shareholders of a C corporation have limited liability.
D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.
The false one would be letter A - C corporations are generally not subject to corporate income tax.
C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.
D. Square your shoulders before entering the room.
Answer:
In this case, when Carson mortgaged the land to Bob Jordan. he mortgaged the land and not the building or furniture.
The building, Plant and Machinery placed by Bill is not included for the mortgaged carried out by Bill and its free from any impediment.
Secondly, Bob cannot have an assert on the Building, Plant and Machinery unless its specifically mentioned in the original mortgaged documents.
Explanation:
Solution
In this scenario when Carson mortgaged the land to Bob Jordan. he mortgaged the land and not the building or furniture.
If Bill Carson has taken the loan without no alternative, what it implies is that if the land is not sufficient to repay the loan taken, Bob cannot have claim on the personal property of Bill.
The building, Plant and Machinery installed by Bill is not part for the mortgaged done by Bill and its free from any burden.
Bob cannot have any claim on the Building, Plant and Machinery unless its specifically stated in the original mortgaged documents.
