Which of the Following Entities Is Not a Taxable Entity

question 28

Multiple Choice

Which of the following entities is not a taxable entity for federal income tax purposes?

• A)Mr.Bob Clark,a U.S.citizen and resident of West Virginia
• B)PTS Limited,an Arizona partnership
• C)Confad Inc.,an Oklahoma corporation listed on Nasdaq
• D)All of the above are taxable entities.

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Definitions:

Cold Material

A term that generally refers to material at a temperature significantly lower than the ambient or desired processing temperature.

Heat Exchanger

A device used to transfer heat between two or more fluids, gases, or solids of different temperatures without mixing them.

Condenser

An electrical charge storage device also known as a capacitor. In an A/C circuit, it is a heat exchanger located in the vehicle airflow and subject to the ram air. Cooling of the refrigerant causes it to condense to a liquid state. This results in the refrigerant changing to a liquid state.

Thermodynamics

A branch of physics that deals with the behavior of heat; its principles are used to explain the operation of heat exchangers and A/C operation.