Which of the Following Is Not a True Statement

question 45

Multiple Choice

Which of the following is not a true statement?

• A)For shareholder-employees who own 2 percent or less of the entity,the S corporation gets a tax deduction for qualifying fringe benefits,and the benefits are nontaxable to the employees.
• B)For shareholder-employees who own more than 2 percent of the S corporation,the S corporation gets a tax deduction,but the otherwise qualifying fringe benefits are taxable to the more-than-2-percent shareholder-employees.
• C)S corporation owners have a tax incentive to pay themselves a low salary.
• D)An S corporation shareholder's allocable share of ordinary business income (loss)is not classified as self-employment income for tax purposes.
• E)None of the choices are false.

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Definitions:

House's Work

Refers to Robert House's theory on leadership, which includes the path-goal theory emphasizing how leaders can motivate their followers.

Full Range Model

A leadership theory encapsulating a complete spectrum of leadership styles, from laissez-faire to transformational leadership.

Transformational Factors

Elements or influences that lead to significant changes or transformations within an individual, group, or organization, often associated with improvement and development.

Bennis And Nanus

Refers to two influential figures in the field of leadership studies, Warren Bennis and Burt Nanus, known for their contributions to leadership theory and practice.