Which of the Following Items, If Any, Has No Effect

question 90

Multiple Choice

Which of the following items, if any, has no effect on the stock basis of an S corporation shareholder?

• A) Operating income.
• B) Short-term capital gain.
• C) Advertising expenses.
• D) Long-term capital loss.
• E) The 20% QBI deduction.

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Definitions:

Strikes

Work stoppages initiated by employees as a form of protest, typically aimed at gaining better wages, hours, benefits, or working conditions.

Labor Turnover

Labor turnover is the rate at which employees leave and are replaced in a company, indicating stability or volatility in the workforce.

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs to inputs in the production process.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for the purpose of improving job performance.