Corporations Are Required to File a Tax Return Only If

question 52

Multiple Choice

Corporations are required to file a tax return only if their taxable income is greater than:

• A)$0.
• B)$1,000.
• C)$600.
• D)$750.
• E)None of the choices are correct. Corporations are always required to file a tax return.

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Definitions:

Judicial Review

The power of courts to assess the constitutionality of legislative acts or decisions made by the government or other public bodies.

Marbury v. Madison

A landmark U.S. Supreme Court case which established the principle of judicial review, enabling courts to strike down laws conflicting with the Constitution.

International Conventions

Agreements between countries that are binding at the international level, often focusing on specific issues like human rights, environmental protection, or trade.

Arbitration Clauses

Provisions within a contract that require disputes to be resolved through arbitration rather than through court litigation.