Assuming a Calendar Tax Year and the Conventional 15th of the Month

question 11

Multiple Choice

Assuming a calendar tax year and the conventional 15th of the month due date,all of the following business entities must file their 2016 tax returns by the March 15,2017 except

• A)the C corporation.
• B)the S corporation.
• C)the partnership.
• D)All of the above entities must file their 2016 tax returns by March 15,2017.

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Definitions:

General Checking Account

A type of bank account that allows for the deposit and withdrawal of funds for daily transactions.

Practice's Savings

Refers to the financial reserves or accumulated funds saved by a business or practice.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for the tort of negligence.

Crushing Injury

A type of injury where a part of the body is subjected to a high degree of force or pressure, often resulting in compression and significant damage to the area.