Both Individual General Partners and S Corporation Shareholders Must Pay

question 24

True/False

Both individual general partners and S corporation shareholders must pay self-employment tax on their share of the entity's ordinary business income.

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Definitions:

Depression

A psychological disorder characterized by persistent sadness, loss of interest in activities, and a range of emotional and physical problems.

Mania

A mental health condition characterized by periods of great excitement, euphoria, delusions, and overactivity.

Pessimistic Explanatory

A cognitive style where individuals tend to attribute negative events to stable, internal, and global causes, expecting future failures.

Global

Relating to or encompassing the whole world; worldwide in scope or application.