Shanghai Corporation Was Organized and Elected S Status in the Current

question 24

Multiple Choice

Shanghai Corporation was organized and elected S status in the current year. How much passive investment income can Shanghai earn and retain its S status?

• A)none
• B)80% of gross receipts
• C)50% of gross receipts
• D)no limit

---

Definitions:

Tables

A structured arrangement of data made up of rows and columns, which is useful for organizing information.

Matching Fields

In databases and software applications, fields or columns that are compared or linked based on shared values or identifiers.

Records

Documents or files that preserve information or evidence of activities, transactions, or decisions for future reference.

Export Data

The process of converting data into a format that can be used by another application or stored externally.