When a Business Is Operated as an S Corporation, a Disadvantage

question 39

True/False

When a business is operated as an S corporation, a disadvantage is that the shareholder must pay the tax on his or her share of the S corporation's income even though the S corporation did not distribute the income to the shareholder.

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Definitions:

Behavioral Genetics

studies the role of genetics and the environment in influencing behavior, examining how heredity interacts with experience to shape who we are.

Identical Twins

Siblings who are genetically identical to each other because they were conceived from the same egg and sperm, and hence share all of their genes.

Fraternal Twins

Twins who are born at the same time but developed from two different eggs fertilized by two different sperm, resulting in genetically distinct siblings.

Genetics

The study of genes, genetic variation, and heredity in living organisms, and how these affect physical and behavioral traits.