Which Group Represents the Largest Proportion of Asian Americans in the U.S

question 32

Multiple Choice

Which group represents the largest proportion of Asian Americans in the U.S.?

• A)Korean
• B)Japanese
• C)Chinese
• D)Filipino

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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.