Match the Term with the Proper Response

question 53

Short Answer

Match the term with the proper response. There may be more than one responses for each term.
a.Includes gross receipts derived from royalties, passive rents, dividends, interest, etc.
b.Penalty tax to stop an S corporation from avoiding the corporate tax on disposition of appreciated property.
c.Cumulative total of undistributed non-separately stated items.
d.Tax-free distribution.
e.Generated under old S corporation rules (pre-1983).
f.Items that affect basis but not AAA go here.
g.Taxed as a dividend.
-PTI

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Definitions:

Grid Computing

Grid computing is the use of a network of computers, acting together to perform large-scale tasks that would be difficult for a single computer to handle.

Server Farms

Collections of computer servers maintained by organizations to supply server functionality far beyond the capability of individual machines.

Data Centers

Facilities used to house computer systems and associated components, such as telecommunications and storage systems, ensuring reliable data storage and access.

Dropbox

A cloud storage service that allows users to save files online and access them from any location or device with internet connectivity.