According to the 2011 Gallup Daily Tracking Polls (Www

question 39

Multiple Choice

According to the 2011 Gallup daily tracking polls (www.gallup.com, February 3, 2012) , Mississippi is the most conservative U.S. state, with 53.4 percent of its residents identifying themselves as conservative. What is the probability that at least 50 respondents of a random sample of 100 Mississippi residents do not identify themselves as conservative?

• A) 0.0499
• B) 0.2478
• C) 0.4966
• D) 0.7517

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Definitions:

Subchapter S Corporation

A form of corporation that meets specific Internal Revenue Code requirements, allowing it to be taxed as a pass-through entity, thereby avoiding double taxation on dividends.

Elects

The act of choosing or deciding on a particular option or course of action, often used in legal and financial contexts.

Terminate

To bring to an end; this can relate to employment, contracts, or services, among others.

Corporate Alternative Minimum Tax

A parallel tax system aimed at ensuring that corporations pay at least a minimum amount of tax, regardless of deductions or credits that would otherwise lower their tax bill.