The Tax on Excess Net Passive Income Does Not Apply

question 129

True/False

The tax on excess net passive income does not apply to a corporation that has always been taxed as an S corporation.

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Definitions:

Mentally Retarded

An outdated and offensive term once used to describe individuals with intellectual and developmental disabilities.

Behavioral Modification

A treatment approach that applies the principles of behaviorism and operant conditioning to change undesirable behaviors into more desirable ones.

Training Programs

are structured courses or modules designed to enhance skills, knowledge, and competencies in specific areas for personal or professional development.

Nature-nurture Controversy

The ongoing debate over the relative contributions of genetics and environment to human behavior and traits.