Which of the Following Is Correct Regarding the Characteristics of a Corporation

question 62

Multiple Choice

Which of the following is correct regarding the characteristics of a corporation?

• A) A corporation is considered a person within the meaning of the Fourteenth Amendment's equal protection clause.
• B) The Fifth Amendment provisions against self-incrimination protect a corporation.
• C) A corporation is protected by the Fourth Amendment's provision against unreasonable searches and seizures.
• D) A corporation is considered a person within the meaning of the Fourteenth Amendment's equal protection clause and  is also protected by the Fourth Amendment's provision against unreasonable searches and seizures.

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Definitions:

Form 1099-DIV

A tax form issued by banks and financial institutions to investors who receive dividends and distributions from any type of investment during a calendar year.

Dividends

Payments made by a corporation to its shareholders out of its profits or reserves.

Tax-exempt Interest

Interest income that is not subject to federal income tax, such as that earned from certain municipal bonds.

Interest on a Savings Account

The amount paid by a bank or financial institution to depositors for holding money in a savings account.