An S Election Is Terminated If the S Corporation Has

question 121

True/False

An S election is terminated if the S corporation has passive investment income in excess of 20 percent of gross receipts for three consecutive years.

---

Definitions:

Analytical Economist

An economist who utilizes mathematical models and statistical analysis to understand and predict economic behavior and trends.

Ecological Problem

An environmental issue that arises from the interaction of human activities with the natural environment, often leading to negative impacts on ecosystems and biodiversity.

System Optimization

The process of making a system as effective or functional as possible by adjusting its components and operations.

Lithosphere

The rigid outer layer of the Earth, consisting of the crust and upper mantle.