Which of the Following Is True of an S Corporation

question 35

Multiple Choice

Which of the following is true of an S corporation?

• A) The corporation can have no more than 100 shareholders.
• B) Only foreign corporations with more than 10 shareholders can be an S corporation.
• C) They are taxed at the corporate level.
• D) The corporation must be a member of an affiliated group of corporations.

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Definitions:

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