Which Statement Is Incorrect

question 10

Multiple Choice

Which statement is incorrect?

• A)S corporations are treated as corporations under state law.
• B)S corporations resemble partnerships under the Federal income tax law.
• C)The alternative minimum tax applies to some S corporations.
• D)An S corporation may not allocate income and deduction items to specific shareholders like a partnership can.

---

Definitions:

Torture Victim

An individual who has suffered pain and suffering inflicted upon them, typically in the context of punishment, coercion, or for the purpose of extracting information or a confession.

Psychological

Pertaining to the mind or mental processes and how they affect behavior, emotions, and thought patterns.

Mock Executions

Simulated executions used as a form of psychological torture.

Combat Traumas

Psychological distress or disorders resulting from experiences in combat, including PTSD.