Which of the Following Items Are Increases on Schedule M-3

question 52

Multiple Choice

Which of the following items are increases on Schedule M-3 on the Form 1120S,for an S corporation with $230,000 in ordinary income?

• A)An IRS agent's determination of unreasonable compensation of $43,000.
• B)Charitable contributions of $15,000.
• C)Receipt of $220,000 in tax-exempt insurance proceeds.
• D)Business gifts in excess of $25.
• E)a and d

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Definitions:

Health Teaching

A process in healthcare that involves educating patients about their health, wellness, and the management of their conditions.

Health Teaching

The process of educating individuals about health practices and principles to promote wellness and prevent illness.

High-Risk Medications

Drugs that have a higher likelihood of causing significant patient harm when they are used in error.