Which of the Following Income Items from an S Corporation

question 65

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

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Definitions:

Affects the Rights

Impacts or alters the legal entitlements and privileges of an individual or group.

Duty-Based Ethical Standards

Ethical principles that emphasize the obligations and duties to act in morally correct ways, regardless of the outcomes.

Philosophical Reasoning

A method of thinking critically about fundamental questions concerning existence, knowledge, values, reason, mind, and language.

Unethical

Actions or behavior that violate professional or societal standards of conduct.