An S Corporation Shareholder's Allocable Share of Ordinary Business Income

question 81

True/False

An S corporation shareholder's allocable share of ordinary business income (loss)is classified as self-employment income for tax purposes.

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Definitions:

Amenorrhea

The absence of menstruation in a woman of reproductive age, which can be primary (never having menstruated) or secondary (cessation of menstruation for various reasons).

Hysterectomy

a surgical operation to remove all or part of the uterus.

Hysterotomy

A surgical procedure to access the uterus, often performed during a cesarean section.

Hymenectomy

A surgical procedure involving the removal of the hymen, which might be necessary for various medical reasons, such as imperforate hymen.