All of the Following Are Accurate Statements About Corporations,except

question 18

Multiple Choice

All of the following are accurate statements about corporations,except

• A)a corporation does not compute adjusted gross income.
• B)a corporation is not allowed a standard deduction.
• C)dividends received from a domestic corporation do not receive any preferential treatment.
• D)the limit on the charitable contribution deduction is 10% of taxable income (with certain adjustments).

---

Definitions:

Marginal Value Curve

A curve showing how the value or utility of consuming an additional unit of a good changes as the quantity consumed changes.

Price

The sum of money anticipated, needed, or provided in exchange for something.

Oligopsony Market

A market form in which the number of buyers is small while the number of sellers in theory could be large, giving the buyers significant control over prices and terms.

Buyers

Individuals or entities that purchase goods or services for personal use or for resale.