Which One of the Following Individuals or Entities Is Ineligible

question 51

Multiple Choice

Which one of the following individuals or entities is ineligible to be an S corporation shareholder?

• A)an estate
• B)resident alien of the United States
• C)a voting trust where all of the beneficiaries are U.S. citizens
• D)a partnership where all of the partners are U.S. citizens

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Definitions:

Lay Off

Temporarily or permanently terminating a worker's employment, often due to economic downturns or organizational restructuring.

Approach

A method or way of dealing with a problem or situation, emphasizing the strategic or tactical steps taken.

Avoid

The act of intentionally staying away from certain situations, behaviors, or stimuli to prevent undesirable outcomes.

Affect-As-Information

The theory that emotions can guide us in decision-making and judgments by providing quick, heuristic information about situations.