Which of the Following Statements Does Not Apply to a Qualifying

question 53

Multiple Choice

Which of the following statements does not apply to a qualifying S corporation?

• A)It may have 55 shareholders
• B)It may have a resident alien shareholder
• C)It may only have one class of stock outstanding
• D)It is subject to the corporate income tax

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Definitions:

Business Etiquette

The set of expected behaviors and manners that are considered professional and polite in a business environment.

Mutual Respect

A foundational element in relationships and interactions, where each party acknowledges and honors the dignity and rights of the other.

Consideration

The process of thinking carefully about something, often before making a decision.

Nonverbal Communication Cues

Signals or signs used to convey messages without words, such as gestures, facial expressions, and body language.