Which of the Following Statements Is Correct Regarding S Corporation

question 125

Multiple Choice

Which of the following statements is correct regarding S corporation estimated taxes?

• A) S corporations never pay estimated taxes.
• B) S corporations with a federal income tax liability of $500 due to the built-in gains tax or excess net passive income tax must pay estimated taxes.
• C) S corporations that owe $5,000 in LIFO recapture tax only must pay estimated taxes.
• D)S corporations with a federal income tax liability of $100 due to the excess net passive income tax must pay estimated taxes.
• E)None of these

---

Definitions:

Computer Passwords

Secret codes or phrases used to authenticate access to a computer system or application, enhancing security by restricting access to authorized users only.

Medical Record

A comprehensive document containing a patient's medical history, treatment records, diagnoses, and other healthcare information.

Confidential

Pertaining to information or matters that are meant to be kept secret or private, not disclosed to unauthorized individuals.

Nursing Documentation

The detailed recording of a patient's care, treatment, and progress by nurses, which is essential for continuity of care and legal purposes.