Which of the Following Statements Is Correct

question 41

Multiple Choice

Which of the following statements is correct?

• A)An owner of a C corporation is taxed on his or her proportionate share of earnings.
• B)S shareholders are only taxed on distributions.
• C)S shareholders are taxed on their proportionate share of earnings that are distributed.
• D)S shareholders are taxed on their proportionate share of earnings whether or not distributed.

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Definitions:

Epiglottis

A flap of cartilage located at the base of the tongue that prevents food and drink from entering the windpipe during swallowing.

Thyroid

The thyroid is a butterfly-shaped gland located in the neck, below the Adam's apple, producing hormones that regulate the body's metabolic rate, heart and digestive function, muscle control, brain development, and bone maintenance.

Cricoid

A ring-like cartilage located at the top of the trachea and below the thyroid cartilage, forming the back part of the larynx and providing attachment for muscles involved in opening and closing the airway.

Glottis

The opening between the vocal cords in the larynx, crucial for producing vocal sounds.