In Regard to Choosing a Tax Year for a Business

question 53

Multiple Choice

In regard to choosing a tax year for a business owned by individuals, which form of business provides the greater number of options in regard to the tax year?

• A) A C corporation formed by medical doctors to conduct their practice.
• B) A C corporation that is in the retail grocery business.
• C) A real estate partnership.
• D) An S corporation engaged in manufacturing.
• E) All of the above have the same options.

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Definitions:

Learning Process

The ongoing process of acquiring knowledge or skills through study, experience, or teaching, involving cognitive, emotional, and environmental influences.

Negative Reinforcement

A behavioral concept in which the removal of an undesirable or uncomfortable stimulus increases the likelihood of a behavior being repeated.

Intermittent Reinforcement

A conditioning schedule in which a reward or punishment (reinforcement) is not administered every time the desired response is performed.

Learning Perspective

View of human development that holds that changes in behavior result from experience or from adaptation to the environment.