Which of the Following Is True of an S Corporation

question 3

Multiple Choice

Which of the following is true of an S corporation?

• A)The corporation can have no more than 100 shareholders.
• B)Only foreign corporations can be an S corporation.
• C)They are taxed at the corporate level.
• D)The corporation must be a member of an affiliated group of corporations.

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Definitions:

Restitution

The act of making amends for wrongdoing or harm caused, often involving compensation or repair.

Retribution

The concept of punishment imposed on someone as vengeance for a wrong or criminal act.

Punishment

A consequence given in response to an undesirable behavior with the intent of reducing that behavior's occurrence.

Bullying

aggressive behavior among school-aged children that involves a real or perceived power imbalance.