Match the Term with the Proper Response

question 116

Multiple Choice

Match the term with the proper response. There may be more than one responses for each term.

-Built-in gains tax

• A) Gross receipts from royalties, passive rents, dividends, interest, etc.
• B) Penalty tax to stop an S corporation from avoiding the corporate tax on disposition of appreciated property.
• C) Cumulative total of undistributed non-separately and separately stated items.
• D) Tax-free distribution.
• E) Taxed as dividend income.

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Definitions:

Emoticons

Text-based symbols used in digital communication to express emotions or sentiments.

Prospecting Letter

A written communication, typically used in sales or marketing, aimed at initiating contact with potential clients or customers.

I-Attitude

A communication standpoint focusing on personal feelings and perspectives, often expressed through the use of "I" statements.

Presumptuous

Exhibiting overconfidence or arrogance, often by assuming something without proper grounds or permission.