Which of the Following Entities Is Not a Taxable Entity

question 65

Multiple Choice

Which of the following entities is not a taxable entity for federal income tax purposes?

• A) Mr. Bob Clark, a U.S. citizen and resident of West Virginia
• B) PTS Limited, an Arizona partnership
• C) Confad Inc., an Oklahoma corporation listed on Nasdaq
• D) All of these choices are taxable entities.

---

Definitions:

Autonomy

The right of individuals to make their own choices and decisions, based on their own values and beliefs, without coercion.

Justice

A principle of fairness or moral rightness that dictates the equitable treatment of all individuals within a society.

Accountability

The duty of a person or entity to justify their actions, take accountability for those actions, and reveal the outcomes in a clear way.

Ethical Principle

Fundamental guidelines that help determine the rightness or wrongness of actions within a professional or societal context.