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Egyptian Physicians Understood All of the Following Except

question 68

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Egyptian physicians understood all of the following except

Understand the requirements, benefits, and limitations of electing to be taxed as a Subchapter S corporation including shareholder and income restrictions.
Understand how charitable contributions impact taxable income and possible carryforwards for corporations.
Calculate the book net income for a corporation considering various expenses and contributions.
Recognize items that are adjusted from book income to arrive at taxable income.

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