Theater,Inc

question 120

True/False

Theater,Inc.,an exempt organization,owns a printing company,Printers,Inc.,which remits 85% of its profits to Theater,Inc.Since Printers remits at least 85% of its profits to Theater,neither Theater,Inc.,nor Printers,Inc.,must pay income tax on this $85,000 ($100,000 × 85%).

---

Definitions:

Implicit Memory

A type of long-term memory that influences thoughts and behaviors without conscious awareness.

Conscious Level

The degree of awareness an individual has of their environment and their own existence, sensations, and thoughts.

Encoding

The method of transforming data into a format that can be retained in memory.

Retention

The ability to keep or hold information in memory, often discussed in the context of learning effectiveness.