Which of the Following Statements Is Correct Regarding S Corporation

question 78

Multiple Choice

Which of the following statements is correct regarding S corporation estimated taxes?

• A) S corporations with a federal income tax liability of $100 due to the excess net passive income tax must pay estimated taxes.
• B) S corporations that owe $5,000 in LIFO recapture tax only must pay estimated taxes.
• C) S corporations never pay estimated taxes.
• D) S corporations with a federal income tax liability of $500 due to the built-in gains tax or excess net passive income tax must pay estimated taxes.
• E) None of the choices are correct.

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Definitions:

Persuasive Messages

Communications designed to influence or convince the audience towards a particular viewpoint or action.

Decision

The conclusion or resolution reached after consideration.

Persuasive Messages

Communications designed to influence or motivate the audience to adopt a certain perspective, take an action, or change behavior.

Persuasive Message

A message crafted to influence the audience's beliefs, attitudes, or actions by appealing to their emotions, logic, or credibility.