Which of the Following Is True of a C Corporation

question 65

Multiple Choice

Which of the following is true of a C Corporation?

• A)It does not pay taxes at the corporate level.
• B)Shareholders of such a corporation are not required to pay taxes on their dividends.
• C)Any corporation with more than 100 shareholders is automatically a C corporation for federal income tax purposes.
• D)Nonresident aliens cannot be shareholders unless they demonstrate due diligence in meeting federal requirements for residency status.

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Definitions:

Psychological

Pertaining to the mind or mental processes and how they affect behavior, emotions, and thought patterns.

Sociocultural

This term relates to the combined influence of social and cultural factors on an individual's behavior, attitudes, and perceptions.

Biological Approach

A perspective in psychology that examines behavioral and mental processes through the lens of biological science, emphasizing genetics, neurotransmitters, and the anatomy of the brain.

Genetic Factors

Hereditary influences on individual differences in behavior and predispositions to diseases and other biological traits.