If a Parent Corporation Makes a § 338 Election, the Subsidiary

question 17

True/False

If a parent corporation makes a § 338 election, the subsidiary corporation must be liquidated.

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Definitions:

Contributory Pension Plans

Retirement plans where both the employer and employees contribute to the fund that will be used to provide retirement benefits to the employees.

Contributions

The act of giving or adding to something larger, often refers to financial contributions in a business or investment context but can also apply to contributions of time, effort, or resources.

Household Income

The combined gross income of all members of a household who are 15 years old and higher, regardless of their relationship.

Dental Care Insurance

A type of insurance coverage that pays for part or all of the costs associated with dental health, including preventive care, treatments, and surgeries.