Which of the Following Is True for a Limited Liability

question 63

Multiple Choice

Which of the following is true for a Limited Liability Company (LLC) ?

• A) Business income is taxed at the corporate rate.
• B) The owners have unlimited liability.
• C) The company is limited in its liability.
• D) Business income is taxed at the individual's personal rate.
• E) None of the above.

---

Definitions:

Extraocular Muscle

One of the muscles located outside the eyeball that controls eye movements.

Levator Palpebrae Superioris

A muscle in the orbit of the eye responsible for elevating the upper eyelid.

Rectus Muscle

Any of several straight muscles, particularly those found in the abdomen and the eyes.

Superior Tarsus

A structure in the eyelid, a stiff plate of connective tissue that gives the eyelid its shape and support.