Which of the Following Is Not a True Statement

question 21

Multiple Choice

Which of the following is not a true statement?

• A)For shareholder-employees who own 2 percent or less of the entity, the S corporation gets a tax deduction for qualifying fringe benefits, and the benefits are nontaxable to the employees.
• B)For shareholder-employees who own more than 2 percent of the S corporation, the S corporation gets a tax deduction, but the otherwise qualifying fringe benefits are taxable to the shareholder-employees who own more than 2 percent.
• C)S corporation owners have a tax incentive to pay themselves a low salary.
• D)An S corporation shareholder's allocable share of ordinary business income (loss)is not classified as self-employment income for tax purposes.
• E)None of the choices are false.

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Definitions:

Biracial Children

Children whose parents belong to two different racial backgrounds, navigating identities that blend multiple cultural heritages.

Cultural Learning Styles

The preferred ways of learning and processing information that are influenced by an individual's cultural background.

Academic Success

Achievement in educational settings, typically measured by grades, test scores, degree completion, or other academic milestones.

Resiliency

The capacity to recover quickly from difficulties; emotional strength and adaptability in the face of adversity.