The Use of a Corporation as a Tax Shelter Is

question 37

True/False

The use of a corporation as a tax shelter is most effective when the corporate tax rate is significantly higher than the individual tax rate.

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Definitions:

Primary Process

In psychoanalytic theory, the unconscious thought processes that are primitive and symbolic, driven by the pleasure principle.

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.

Dominant Source

The primary or most influential point of information or authority within a context or system.

Sensual Pleasure

Enjoyment derived from the gratification of the senses, often related to touch, taste, smell, sight, and hearing.