Which of the Following Is Not a Potential S Corporation

question 17

Multiple Choice

Which of the following is not a potential S corporation tax?

• A)The personal holding company tax
• B)The built-in gains tax
• C)The LIFO recapture tax
• D)The excess net passive investment income tax

---

Definitions:

Instinctive Drift

The inclination of an animal to return to innate behaviors that disrupt a learned response.

Sensory Adaptation

The adaptation process of sensory receptors becoming duller in response to stimuli that stays the same over time.

Stimulus Generalization

The process by which a response originally elicited by a specific stimulus is elicited by similar stimuli.

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus.