Indicate by a PRP If the Characteristic Applies to a Sole

question 21

Short Answer

Indicate by a PRP if the characteristic applies to a sole proprietorship, an SC if it applies to an S corporation, and a PAR if it applies to a partnership, and N if it does not apply to any of the three businesses. A characteristic can apply to more than one entity; write a brief explanation if a characteristic may only apply under certain conditions.
-____ 8. Owner's salary is subject to FICA taxes.

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Definitions:

Fraternity Members

Individuals who are members of a fraternity, a social organization typically found in colleges or universities.

Retroactive Interference

The process by which newly learned information makes it harder to recall information that was learned earlier.

Massed Practice

A learning strategy that involves intensive, continuous sessions of practice or study with little to no rest between sessions.

Distributed Practice

A learning strategy that involves spreading study sessions out over time, which has been shown to improve retention of information compared to massed practice (cramming).