S Corporation Status Always Avoids Double Taxation

question 45

True/False

S corporation status always avoids double taxation.

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Definitions:

Present Value

The determination of today's monetary value for a future cash sum or succession of cash flows, applying a chosen rate of return.

Interest Rate

The portion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Years From Now

A phrase referring to an unspecified point in the future, measured from the current date.

Interest Rate

The cost of borrowing money, usually expressed as a percentage of the total amount loaned.