Which of the Following Is Not a True Statement

question 45

Multiple Choice

Which of the following is not a true statement?

• A)For shareholder-employees who own 2 percent or less of the entity,the S corporation gets a tax deduction for qualifying fringe benefits,and the benefits are nontaxable to the employees.
• B)For shareholder-employees who own more than 2 percent of the S corporation,the S corporation gets a tax deduction,but the otherwise qualifying fringe benefits are taxable to the more-than-2-percent shareholder-employees.
• C)S corporation owners have a tax incentive to pay themselves a low salary.
• D)An S corporation shareholder's allocable share of ordinary business income (loss)is not classified as self-employment income for tax purposes.
• E)None of the choices are false.

Comprehend how investment decisions impact firm value, share price, and shareholder wealth.

Understand the relationship between specific brain damage and corresponding deficits in sensory perception and motor function.

Identify the appropriate brain imaging techniques for studying brain function and diagnosing brain injury.

Relate various areas of the brain to specific cognitive and motor functions.

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Definitions:

Equilibrium GDP

The level of Gross Domestic Product where aggregate supply equals aggregate demand within an economy.

Full Employment GDP

The output level of an economy when all available resources are employed efficiently, corresponding to a situation with no cyclical unemployment.

Classical Range

In economics, refers to the level of output where all resources are fully employed, and prices are flexible, historically associated with the Classical theory of economics.

Savings

Money that is set aside from disposable income or after personal expenses have been covered, often put into a deposit or an investment for future use.