Identify Which of the Following Statements Is True

question 85

Multiple Choice

Identify which of the following statements is true.

• A) A corporation with gross receipts, total income, and total assets of $1,000,000 or less is permitted to file Form 1120- A.
• B) A corporation is required to file a tax return even if it has no taxable income.
• C) A corporate tax return must be filed by the fifteenth day of the fourth month following the close of the corporation's tax year.
• D) All of the above are false.

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Definitions:

Physiological Needs

Basic human necessities required for survival, such as food, water, shelter, and sleep; the foundational level in Maslow's hierarchy of needs.

Affiliation Needs

The inherent human desire to belong to a group or form close and interpersonal relationships.

Esteem Needs

Refers to the human desire for respect, self-esteem, and recognition from others, considered a higher-level need in Maslow's hierarchy of needs.

Security Needs

The requirements essential for an individual's or organization's safety, protection, and freedom from threats or harm.