Which of the Following Is Not a Characteristic of a Partnership

question 60

Multiple Choice

Which of the following is not a characteristic of a partnership?

• A)Must meet 80 percent control requirement for formation to be tax free
• B)Cash distributions to partners may be taxable
• C)Loss is only recognized on liquidating distributions
• D)General partners' salaries are subject to FICA taxes.

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Definitions:

Sentence Variety

The use of different length, structure, and types of sentences within a text to make it more engaging and maintain the reader's interest.

Motown Historical Museum

A museum located in Detroit, Michigan, that preserves the legacy of the Motown Record Corporation, including artifacts, photographs, and music exhibits.

Esther Gordy Edwards

An influential figure in the music industry best known for her work with Motown Records and preserving its legacy.

Correctly Punctuated

Properly employing punctuation marks according to grammatical rules within a text to enhance clarity and readability.