Which of the Following Is Not a Possible Advantage of Incorporating

question 17

Multiple Choice

Which of the following is not a possible advantage of incorporating a business?

• A)The ability to defer taxes on income left in the business.
• B)The ability to absorb business losses against employment income.
• C)Limiting personal liability to the amount paid for shares.
• D)The ability to use the lifetime capital gains deduction.

---

Definitions:

Money Supply

The total amount of monetary assets available in an economy at a specific time, including currency, coins, and balances held in checking and savings accounts.

Household Debt

The total amount of debt, including mortgages, credit cards, loans, etc., owed by all members of a household.

Macroeconomics

The branch of economics that studies overall economic dynamics such as total output, employment levels, and inflation across an entire economy.

Unemployment Rate

A measure of the percentage of the labor force that is jobless and actively seeking employment.