How Does a Partnership Make a Tax Election for the Current

question 81

Multiple Choice

How does a partnership make a tax election for the current year?

• A) Partnerships make certain elections automatically by simply filing their returns.
• B) Partnerships make certain tax elections by filing a separate form with the IRS.
• C) Partnerships do not need to file anything to make a tax election.
• D) Partnerships do not make tax elections. Partners must make tax elections separately.
• E) Both Partnerships make certain elections automatically by simply filing their returns and Partnerships make certain tax elections by filing a separate form with the IRS.

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Definitions:

Expected Cell Counts

Predicted frequencies in cells of a contingency table in statistics, assuming that the null hypothesis is true.

Observed Cell Counts

The actual frequencies or numbers of observations recorded or categorized in each cell of a contingency table in statistical analysis.

Two-Way Table

A tabular method to display the frequency of occurrence of variables that are categorized along two dimensions.

Two-Way Tables

Two-way tables are a method of displaying data that deals with two categorical variables, showing the frequencies of occurrence of different combinations of these variables.