Factors That Should Be Considered in Making the S Corporation

question 96

Multiple Choice

Factors that should be considered in making the S corporation election for the current tax year include the following:

• A)Are at least 80% of the shareholders willing to consent to the election?
• B)Can the requirements for qualification be satisfied by the due date of the tax return?
• C)Will the corporation have total capital not in excess of $1 million?
• D)None of the above.
• E)All of the above.

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Definitions:

Electroencephalograph

An instrument that measures and records the electrical activity of the brain.

Brain Waves

Electrical patterns of activity in the brain, measurable by EEG, that reflect different states of consciousness, sleep, and cognitive processes.

Functional Magnetic Resonance Imaging

A neuroimaging technique that measures brain activity by detecting changes associated with blood flow, used to observe brain structures and determine which areas are active during various tasks.

Positron Emission Tomography

A diagnostic imaging test that uses a radioactive substance to visualize and measure metabolic processes in the body.