The Revenue Agent Who Audited the Form 1120 Filed by LCW

question 5

Multiple Choice

The revenue agent who audited the Form 1120 filed by LCW Inc.recharacterized $125,000 of the salary paid to Ms.Lewis' (LCW's president and controlling shareholder) as a constructive dividend.LCW's marginal tax rate is 35%,and Ms.Lewis' marginal tax rate is 33%.Which of the following is not a consequence of the recharacterization?

• A)LCW's taxable income will increase.
• B)Ms.Lewis' taxable income will increase.
• C)Ms.Lewis' payroll tax liability will decrease.
• D)Ms.Lewis' income tax liability will decrease.

Assess the role of religion and ideology in colonial American society.

Identify the factors leading to changes in the North American landscape due to migration.

Evaluate the influence of European goods on Native American life and culture.

Understand the dynamics of slavery, resistance, and laws governing slaves in colonial America.

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Definitions:

Key Stimulus

A specific environmental cue that triggers a fixed action pattern in an animal.

Fixed Action Pattern

A sequence of unlearned acts directly linked to a specific stimulus, which is virtually inevitable and once begun, is carried to completion.

Innate Action Pattern

A pre-programmed response that is triggered by specific environmental stimuli, characteristic of a particular species.

Eyebrow Flick

An often subconscious facial gesture involving a quick raise and lower of the eyebrow, sometimes indicating interest or recognition.