Identify Which of the Following Statements Is True

question 118

Multiple Choice

Identify which of the following statements is true.

• A)Under the check-the-box regulations, an LLC that has one member (owner)may be disregarded as an entity separate from its owner.
• B)An unincorporated business may not be taxed as a corporation.
• C)A new LLC that is owned by four members elects to be taxed under its default classification (as a partnership)in its first year of operations. The entity is prohibited from changing its tax classification at any time in the future.
• D)All of the above are false.

---

Definitions:

Behaviorally Specific Questions

Questions tailored to elicit detailed and action-oriented responses by focusing on specific behaviors or events.

FMLA Leave

Refers to the Family and Medical Leave Act in the United States, allowing eligible employees to take unpaid, job-protected leave for specified family and medical reasons.

Sick Leave

A paid or unpaid absence from work that an employee is allowed to take because of illness.

Vacation Allotments

The designated amounts of vacation time given to employees by an organization as part of their benefits package.