Which of the Following Statements Does Not Apply to a Qualifying

question 53

Multiple Choice

Which of the following statements does not apply to a qualifying S corporation?

• A)It may have 55 shareholders
• B)It may have a resident alien shareholder
• C)It may only have one class of stock outstanding
• D)It is subject to the corporate income tax

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Definitions:

Elaboration Likelihood Model

A theory in social psychology that explains how attitudes are formed and changed through two routes of persuasion: central and peripheral.

Persuasion

The act of convincing someone to believe or do something through reasoning or argument.

Individual's Motivation

The internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject.

Ability

The capacity or skill to do something effectively, such as solving problems, performing tasks, or adapting to situations.