Which of the Following Income Items from an S Corporation

question 140

Multiple Choice

Which of the following income items from an S corporation is not considered investment income for purposes of the net investment income tax?

• A)Passive income
• B)Investment interest income
• C)Dividends
• D)Short-term capital gains
• E)All of these choices are considered investment income for the net investment income tax.

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Definitions:

HERC2

A gene associated with the regulation of several proteins, notably impacting pigmentation and neurological functions.

Epistatic Interactions

Genetic interactions where the effect of one gene is modified by one or several other genes, which can mask or suppress the expression of the first gene.

OCA2

OCA2 refers to a gene related to pigmentation in humans, mutations of which can lead to type 2 albinism.

Blood Type O

A blood group characterized by the absence of A and B antigens on the surface of red blood cells, making it the universal donor type for red blood cell transfusion.