Which of the Following Type of Organization Is Classified as a Partnership

question 78

Multiple Choice

Which of the following type of organization is classified as a partnership, or similar to a partnership, for tax purposes?(I.) Limited Liability Company(II.) Limited Liability Partnership(III.) Subchapter S Corporation

• A) II only.
• B) II and III.
• C) I and II.
• D) I and III.
• E) I, II, and III.

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Definitions:

Ejaculate

The release of semen from the male reproductive system, often occurring at the climax of sexual arousal.

Type A Behavior

A personality pattern characterized by aggressiveness, competitiveness, impatience, and a constant sense of urgency.

Competitiveness

The drive or inclination to strive for success or superiority over others in situations such as sports, academics, or business.

Impatience

A feeling of frustration or eagerness often resulting from having to wait or from slow progress.