Jim and Kiley Are Architects and Members of J&K,P

question 3

Multiple Choice

Jim and Kiley are architects and members of J&K,P.C.,a profes?sional corporation.Jim supervises Luc,an employee of the firm.As a member,Jim

• A)is personally liable for any tort committed by Kiley.
• B)has limited liability for any of Kiley's acts of malpractice.
• C)has no liability for any torts committed by Kiley or Luc.
• D)may be personally liable for malpractice committed by Luc.

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Definitions:

Dependent

An individual, usually a child or spouse, who relies on another person for more than half of his or her financial support and qualifies for potential tax benefits on the caregiver's tax return.

Tuition

The fee paid for instruction or teaching, typically charged by educational institutions for course enrollment.

Meal Plan

A pre-paid account or arrangement typically offered by institutions like colleges that allows students to pay in advance for meals at on-campus dining facilities.

Lifetime Learning Credit

A tax credit available to individuals who pay higher education costs, aimed at promoting lifelong learning.