Which of the Following Entities Is Not a Taxable Entity

question 28

Multiple Choice

Which of the following entities is not a taxable entity for federal income tax purposes?

• A)Mr.Bob Clark,a U.S.citizen and resident of West Virginia
• B)PTS Limited,an Arizona partnership
• C)Confad Inc.,an Oklahoma corporation listed on Nasdaq
• D)All of the above are taxable entities.

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Definitions:

Concept

A broad term referring to an idea, notion, or understanding that is often abstract or general.

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, suggesting a resemblance or analogy.

Nonliteral

Not adhering strictly to the literal or exact meaning of words; figurative.

Concept

Refers to an abstract idea or a mental symbol that is typically a fundamental building block of human thinking and communication.