Which of the Following Is True About an S Corporation

question 79

Multiple Choice

Which of the following is true about an S corporation?

• A)It is taxed at both the corporate and shareholder levels.
• B)It may only have 500 or fewer shareholders.
• C)An S corporation election requires the consent of a majority of its shareholders.
• D)Shareholders of an S corporation may be only individuals or trusts.

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