S Corporations May Have No More Than 50 Shareholders, but Members

question 81

True/False

S corporations may have no more than 50 shareholders, but members of the same family only count as one shareholder.
S corporations may have no more than 100 shareholders; family members and their estates count as one.

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Definitions:

College Graduate

An individual who has completed the required coursework and obtained a degree from a college or university.

Higher Incomes

The segment of earnings that exceed the average or median level of personal or household earnings within a given population.

Income Distribution

Refers to how a nation’s total earnings are spread among its population.

Productive Resources

Assets, materials, or inputs used for the creation of goods or services, including natural resources, human capital, and capital goods.