XYZ Was Formed as a Calendar-Year S Corporation with Xavier,Yolinda,and

question 98

Short Answer

XYZ was formed as a calendar-year S corporation with Xavier,Yolinda,and Zach as equal shareholders.On September 15,2017,XYZ's S election was terminated after Zach sold his XYZ shares (one-third of all shares)to his solely owned C Corporation Zach,Inc.Absent permission from the IRS,what is the earliest date XYZ may again elect to be taxed as an S corporation?

Recognize the role of work processes in organizational operations.

Apply knowledge in creating detailed job descriptions for new employees.

Distinguish between job description, job specification, and other HR documents.

Appreciate the significance of competent organizational structure and its impact on decision-making.

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Definitions:

Respondent Behavior

A type of behavior that is elicited as an automatic response to a certain stimulus without the organism engaging in any conscious decision making.

Operant Behavior

A method of learning that employs rewards and punishments for behavior, emphasizing the strength of behaviors as a result of their consequences.

Reinforcement

The act of strengthening a response by adding a reward, thus increasing the likelihood that the response will be repeated.

Operant Behaviors

Actions that an individual takes that are modified by the consequences they lead to, extensively studied in operant conditioning.