Examlex
Which of the following would be considered a high-contact system?
S Corporations
A type of corporation that meets specific IRS requirements, allowing income and losses to be passed through to shareholders and taxed at individual rates.
Royalty Income
Income received from property rights, such as patents, copyrighted works, or mineral rights, often derived from the outcome of one's intellectual property.
Copyrights
Legal rights granted to the creators of original works, protecting them from unauthorized copying, distribution, or creation of derivative works.
IRS Method
A specific procedure or rule established by the Internal Revenue Service for tax calculation or compliance purposes.
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