Suppose Hassell Formed a C Corporation, NewCorp

question 61

Multiple Choice

Suppose Hassell formed a C corporation, NewCorp. Inc., in 2014 with a calendar tax year and made an S election on April 14, 2014 with the consent of NewCorp. Inc.'s shareholders: Hassell, Richie Cunningham, and Arnold's, Inc. (a C corporation) . When is the S election effective?

• A) January 1, 2014.
• B) April 14, 2014.
• C) January 1, 2015.
• D) April 14, 2015.
• E) Never.

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Definitions:

Fixed-Ratio

In the context of behavioral psychology, this refers to a reinforcement schedule that rewards a response only after a specified number of responses.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses, commonly used in behavior modification programs.

Fixed-Interval

A schedule of reinforcement where a response is rewarded only after a specified amount of time has elapsed.

People-first language

A linguistic approach that emphasizes the individuality of persons with disabilities by mentioning the person first and the disability second.