Identify Which of the Following Statements Is False

question 57

Multiple Choice

Identify which of the following statements is false.

• A)The check-the-box regulations permit an LLC to be taxed as a C corporation.
• B)Under the check-the-box regulations, an LLC that has only two members (owners)must be taxed as a partnership.
• C)A business need not be incorporated under state or federal law to be taxed as a corporation.
• D)Once an election is made to change its classification, an entity cannot change again for 60 months.

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Definitions:

Gender Roles

The societal norms dictating the behaviors, tasks, and responsibilities considered appropriate for men and women based on their sex.

Daycare Center

A facility that provides supervision and care for young children, offering various educational and recreational activities.

Variables

Quantities that can vary from child to child or from occasion to occasion, such as height, weight, intelligence, and attention span.

Psychosocial Development

Erik Erikson's theory that human development consists of eight stages from infancy to adulthood, with each stage presenting a unique challenge that impacts the individual's personality and social relationships.