Which of the Following Is Not Usually Considered Personal Holding

question 5

Multiple Choice

Which of the following is not usually considered personal holding company income?

• A)Dividends received by the corporation
• B)Interest income of the corporation (paid on certificates of deposit)
• C)Copyright royalties paid to the corporation if their sum is more than 50 percent of ordinary gross income (OGI)
• D)Income from estates and trusts taxable to the corporation

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Definitions:

Nurture

The influence of environmental factors, such as upbringing and social experiences, on the development of an individual's traits and behaviors.

Nature

The inherent qualities or characteristics of a person or thing; or, the physical world collectively, including plants, animals, landscapes, and other features and products of the earth.

Philosophy

The study of the fundamental nature of knowledge, reality, and existence, especially when considered as an academic discipline.

Physiology

The branch of biology that studies the functions and mechanisms occurring within living organisms.