Match the Term with the Proper Response

question 29

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.
-Built-in gain tax

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Definitions:

Portable

Often used to describe technology or skills that can be easily transferred or utilized in different contexts or locations.

Flexible Benefit Programs

Employee benefit plans that allow individuals to choose from a range of options to create a benefits package tailored to their own needs and circumstances.

Administrative Costs

Expenses incurred by an organization that are not directly tied to a specific business function such as manufacturing, production, or sales. These can include salaries of senior executives, office supplies, and utilities.

Employee Participation

The involvement of workers in decision-making processes within an organization, aimed at improving engagement, morale, and productivity.