Which of the Following Is Not Considered a Family Member

question 10

Multiple Choice

Which of the following is not considered a family member for purposes of the S corporation shareholder limit?

• A) brother.
• B) great-grandparent.
• C) grandchildren.
• D)grandparent.
• E)None of these

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Definitions:

Automobile Manufacturer

A company that engages in the design, production, marketing, and selling of motor vehicles.

Market Prices

The prevailing rates at which goods and services are traded in the market, determined by supply and demand.

Inputs

Resources used in the production process, including labor, materials, and capital.

Proprietorships

businesses owned and operated by a single individual, where the owner is personally responsible for the company's debts and obligations.