Which One of the Following Is Not Exempt from the Personal

question 8

Multiple Choice

Which one of the following is not exempt from the personal holding company tax?

• A)S corporations
• B)Tax-exempt corporations
• C)Surety companies
• D)Lending and finance companies
• E)All of the above are exempt

---

Definitions:

Physiological

Pertaining to the branch of biology that deals with the normal functions of living organisms and their parts, including the physical and chemical processes involved.

Self-Actualisation

The achievement of realizing one's abilities and potential, viewed as an innate motivation or necessity in all individuals.

Deficit Principle

A concept indicating that the less frequently a reward is available or the less a need is satisfied, the more value or desirability that reward or satisfaction of the need has.

Self-Actualisation Needs

The highest level in Maslow's hierarchy of needs, representing the fulfillment of one's potential and the realization of one's abilities and talents.