Which of the Following Income Items from an S Corporation

question 110

Multiple Choice

Which of the following income items from an S corporation is not considered investment income for purposes of the net investment income tax?

• A) Passive income.
• B) Investment interest income.
• C) Dividends.
• D) Short-term capital gains.
• E) All of the choices are considered investment income for the net investment income tax.

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Definitions:

Chief Executive Officer

The highest-ranking executive in a company, responsible for major corporate decisions, overall operations, and resource management.

Controller

A corporate officer responsible for overseeing and managing the financial reporting, accounting, and auditing of a company.

Treasurer

An officer of a company or organization responsible for overseeing the management and regulation of its financial affairs.

Bylaws

The rules and regulations established by a corporation or other organization that govern its operations and management.