Compensation for Services Rendered to an S Corporation Is Subject

question 1

True/False

Compensation for services rendered to an S corporation is subject to FICA taxes.

---

Definitions:

Nucleic Acid Bases

The parts of DNA and RNA molecules that carry genetic information, specifically adenine, thymine (in DNA), cytosine, guanine, and uracil (in RNA).

Three-Base Combinations

Sequences of three nucleotide bases in DNA or RNA, known as codons, which specify the addition of a specific amino acid to a growing polypeptide chain during protein synthesis.

mRNA Transcript

The single-stranded RNA molecule copied from one of the DNA strands of a gene, which is used as a template for protein synthesis in the ribosome.

Human XYZ Gene

This term does not correspond with standard genetic nomenclature or recognized genes, suggesting it may not be a real key term.