Identify Which of the Following Statements Is False

question 43

Multiple Choice

Identify which of the following statements is false.

• A)An S corporation files a Form 1120S corporate income tax return on or before the 15th day of the fourth month following the close of its tax year.
• B)An S corporation's ordinary income or loss is reported by an individual shareholder on Schedule E of Form 1040.
• C)An S corporation that owes the built-in gains tax or the excess net passive income tax must make quarterly estimated tax payments.
• D)An S corporation cannot use the prior-year tax liability exception when determining the required payment to be made with respect to the built-in gains tax.

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Definitions:

Grand Mal

A type of seizure that involves a loss of consciousness and violent muscle contractions, also known as a tonic-clonic seizure.

NMDA Receptors

Specialized protein receptors in the brain that play a key role in synaptic plasticity and memory formation.

GABA Receptors

Protein sites on neurons that bind to GABA (gamma-aminobutyric acid), a major inhibitory neurotransmitter in the brain, influencing brain activity.

Glutamate Receptors

Proteins located on nerve cells that respond to glutamate, a major neurotransmitter in the brain involved in learning and memory.