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Quail Corporation Is a C Corporation with Net Income of $125,000

question 23

True/False

Quail Corporation is a C corporation with net income of $125,000 during the current year. If Quail paid dividends of $25,000 to its shareholders, the corporation must pay tax on $100,000 of net income. Shareholders must report the $25,000 of dividends as income.

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802.11

A set of IEEE standards that define wireless LAN/WiFi communications.

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A private network within a person’s residence that connects various digital devices.

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A device used in networking that routes data packets from one computer network to another, managing the flow of internet traffic.

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