Examlex

Solved

The Income of a Single Member LLC Is Taxed to Its

question 52

True/False

The income of a single member LLC is taxed to its owner under the sole proprietorship rules if no election to be taxed as a corporation is made.


Definitions:

Union

A union in programming, especially in languages like C, is a type that allows storing different data types in the same memory location.

Memory Locations

Specific addresses in a computer’s memory where data is stored.

Different Data Type

Refers to various types of data that a programming language can handle, such as integers, floating-points, characters, etc.

Union

A data structure that allows the storage of different data types in the same memory location.

Related Questions