Which of the Following Statements Is(are)true

question 59

Multiple Choice

Which of the following statements is(are) true?

• A)Corporations are not able to take deductions and expenses available to the proprietorship or partnership.
• B)Distribution of dividends is taxed once,as income of the corporation.
• C)Bonuses,incentives,and profit sharing are allowable ways to distribute income of the corporation.
• D)Corporate tax may be higher than the individual rate.

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Definitions:

Consent

The explicit agreement to participate in an activity or to allow something to happen, often requiring awareness and understanding of what is being agreed upon.

Mandated Reporters

Individuals required by law to report suspected cases of abuse or neglect to designated authorities.

State Laws

Laws that are established and enforced by the government of a specific state, as opposed to federal laws, which govern the country as a whole.

Duty To Warn

Duty to warn is a legal concept that obligates individuals, such as healthcare providers or therapists, to inform others if a specific individual poses a danger to themselves or others.