Social Functions Include

question 70

Multiple Choice

Social functions include

• A)regulating sexual behaviour; replacing the members of society who die
• B)socialising the young, providing care and emotional support, conferring social status.
• C)A and B
• D)None of the above

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Definitions:

Basis

In taxation, refers to the value used to determine profit or loss for tax purposes when property is sold.

Property Contributed

refers to assets or properties given to an entity, such as a charity or a business, by an individual or another entity.

Fiscal Year-end

The last day of a company's accounting period, which is used for financial reporting and tax purposes.

Corporate Tax Return

A corporate tax return, often filed using Form 1120, is required for corporations and details the income, gains, losses, deductions, and credits from the corporation's operations.