More Than 12

question 28

True/False

More than 12.5% of the U.S. population is over the age of 65.

---

Definitions:

Articles of Organization

The document filed with a state governmental body to legally form a limited liability company (LLC).

Noncorporate Business Organization

Any form of business entity that is not incorporated, such as partnerships, sole proprietorships, and limited liability companies, where the legal and tax characteristics may differ from those of corporations.

Separate Taxable Entity

An entity that is recognized as separate from its owners for tax purposes, such as a corporation, and therefore must file its own tax returns.

Ownership Interest

A portion or share in the ownership of assets, such as real estate or a company, affording the holder certain rights like income or control.