Match the Term with Its Definition

question 3

Essay

Match the term with its definition.Some terms may not be used.
a.advisory board
b.corporation
c.management team
d.organizational test
e.partnership agreement
f.piercing the corporate veil
g.preemptive right
h.reciprocation
i.stock certificate
j.strategic alliance
-A situation in which the courts conclude that incorporation has been used to perpetrate a fraud

---

Definitions:

Capital Gains

refer to the profit made from selling an asset for more than its purchase price.

Quarterly Estimated Payments

Payments made to the IRS by self-employed individuals or entities that anticipate owing tax of $1,000 or more, paid in four equal installments throughout the year.

Estimated Payment

refers to tax payments made in advance throughout the year, based on an estimate of the taxpayer's annual income.

Corporate AMT Exemption

An exemption that prevents corporations from having to pay the Alternative Minimum Tax up to a certain threshold of income.