A Consolidated Return's Tax Liability Is Owed by

question 71

Multiple Choice

A consolidated return's tax liability is owed by

• A)all group members in equal portions.
• B)the group member responsible for that portion of the tax liability.
• C)all group members who are severely liable.
• D)the parent corporation.

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Definitions:

Heterosexual

A romantic or sexual preference for people of the opposite gender.

Homosexual

Homosexual refers to being sexually attracted to members of the same sex.

Bisexual

Pertains to an individual who is attracted to both men and women.

Monogamous

Referring to a relationship or mating system where an individual has one partner during their lifetime or at any one time.