The Profits of a Business Owned by Taylor 60%) and Maggie

question 15

True/False

The profits of a business owned by Taylor 60%) and Maggie 40%) for the current tax year are $100,000. If the business is a C corporation or an S corporation, there is no effect on Taylor's basis in her stock. If the business is a partnership or an LLC, Taylor's basis in her partnership interest or basis in her stock is increased by $60,000.

Understand the concept and purpose of targeted recruitment as a special measure to address employment inequities.

Recognize the role and authority of the Canadian Human Rights Commission under the Canadian Human Rights Act in combating discrimination.

Grasp the significance of senior management's commitment and involvement in an employment equity program.

Understand the requirements for federally regulated employers to conduct workforce analysis for identifying underrepresentation.

---

Definitions:

Mucosa

Mucous membrane consisting of epithelium and lamina propria. In the digestive tract, there is also a layer of smooth muscle.

Syncytiotrophoblast

A layer of multinucleated cells that form the outer layer of the blastocyst, contributing to the formation of the placenta in pregnancy.

Nonantigenic

Refers to substances that do not trigger an immune response by the body.

Endometrium

Mucous membrane composing the inner layer of the uterine wall; consists of a simple columnar epithelium and a lamina propria that contains simple tubular uterine glands.