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Only Shareholders Who Own Greater Than 10% of an S

question 65

True/False

Only shareholders who own greater than 10% of an S corporation's stock are treated as partners and,thus,as nonemployees for fringe benefit treatment.


Definitions:

Highly Automated

Referring to processes, systems, or operations that extensively utilize automation technology to minimize human intervention.

Hand Labor

Work done manually by humans without the aid of advanced machinery, often requiring skilled craftsmanship.

Process Configuration

The arrangement and organization of various elements in a manufacturing or service delivery system to optimize efficiency and output.

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