Private Inc

question 7

Multiple Choice

Private Inc.received a $5,000 eligible dividend from Public Inc., which is a non-connected corporation.Which of the following applies?

• A)The dividends can be reinvested by Private Inc.on a tax-free basis.
• B)The dividend will be subject to Part I tax.
• C)The dividend will be subject to Part IV tax at rate of 38 1/3%.
• D)Receipt of the dividend will result in an immediate dividend refund for Private Inc.

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Definitions:

Autism Spectrum Disorder

A disorder affecting development that manifests as challenges in communicating and interacting socially, along with limited and repetitive ways of thinking and behaving.

Stranger Anxiety

A developmental phenomenon typically occurring around 8 to 12 months of age, where infants show distress or unease in the presence of unfamiliar people.

Infantile Amnesia

The common inability of adults to recall memories from early childhood, typically before the age of 3 or 4.

Autism Spectrum Disorder

A developmental disorder characterized by challenges with social interaction, communication, and restricted or repetitive behaviors and interests.