Beginning Around ____, Children Make an Important Cognitive Advance Toward

question 77

Multiple Choice

Beginning around ____, children make an important cognitive advance toward becoming more systematic and logical thinkers.

• A) age 5
• B) age 7
• C) age 9
• D) age 11

---

Definitions:

LLC's

Stands for Limited Liability Companies, a business structure in the U.S. that offers personal liability protection to its owners but can be taxed as a partnership.

S Corporations

A special designation of corporation that allows income to be taxed only at the shareholder level, avoiding double taxation.

Flow-Through Entities

Entities through which income flows to the owners or investors, avoiding corporate income tax.

Schedule E

A tax form used to report income and losses from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.