Which of the Following Is True Regarding Wally's Assertion Regarding

question 35

Multiple Choice

Which of the following is true regarding Wally's assertion regarding tax?

• A) Wally is correct insofar as the corporation would be required to pay taxes on its profits, and the shareholders would also be required to pay taxes on dividends.
• B) Wally is incorrect because all businesses are taxed in the same manner.
• C) Wally is incorrect but only because the law involving taxation of corporations does not apply until there are at least 10 shareholders.
• D) Wally is incorrect but only because the law involving taxation of corporations does not apply until there are at least 75 shareholders.
• E) Wally is correct but only because his proposal does not involve a writing and the filing of paperwork with the secretary of their state.

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Investigation

The systematic inquiry or study into something to discover facts or gain an understanding.

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Machismo

A cultural attitude or practice that emphasizes masculine pride and the domination of women, often associated with Latin American societies.