To determine whether an out-of-state entity has income tax nexus, some states use:
?
A. A factor-presence test.
B. An economic presence test.
C. Both a. and b are used by certain states.
D. Neither a. nor b is used by the states.
Answer: C
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a. True b. False
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a. U.S. Attorney's office b. FBI c. CIA d. District Attorney's office
The owner's capital for a sole proprietorship is similar in nature to which of the following for corporations?
a. Stockholders' equity b. Retained earnings c. Common stock d. Dividends
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