A Benefit of an S Corporation When Compared with a C

question 1

True/False

A benefit of an S corporation when compared with a C corporation is that it is subject to Federal income tax only in limited circumstances.

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Definitions:

Sunbeams

Streams of sunlight that penetrate through breaks in the clouds or obstacles, visibly illuminating paths of light.

Computer Programs

Sequences of instructions written to perform a specified task with a computer.

Methanol

A simple alcohol used as a solvent, antifreeze, fuel, and as feedstock for chemical manufacturing.

Ethanol

A renewable, flammable liquid alcohol used as a biofuel additive for gasoline and as a solvent in the chemical industry.