In a Few States,a Federal S Corporation Is Exempt from State

question 93

Short Answer

In a few states,a Federal S corporation is exempt from state corporate income tax only if ____________________ of its shareholders are state residents.

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Definitions:

Cardiovascular

Pertaining to the cardiovascular system, which includes the heart and the network of arteries, veins, and capillaries that circulate blood throughout the body.

Nutrients

Substances required by the body for growth, energy, repair, and maintenance.

Nervous

Relating to the nervous system, which is comprised of the brain, spinal cord, and a network of neurons that convey signals throughout the body.

Lymphatic

Relating to the lymph system, which is part of the immune system and helps remove waste and maintain fluid balance in the body.