If a limited liability company (LLC) is taxed like a partnership, _____.?
A. ?income passes through to the owners
B. ?income is taxed twice
C. ?the owners have unlimited tax liability
D. ?the shareholders pay tax on dividends received by them
E. ?dividends are taxed on capital gain rate
Answer: A
You might also like to view...
The expected value for a binomial distribution is given by equation
A. (n - 1)(1 - p). B. n(1 - p). C. np. D. (n - 1)p.
Reinvestment assumptions are different under each method of ranking capital projects
Indicate whether the statement is true or false
Treasury stock is classified as:
A. A liability account. B. A revenue account. C. A contra asset account. D. An asset account. E. A contra equity account.
What is the fundamental difference between tables (or queries) and reports?
A. A table is designed for human consumption. B. A report is designed for human consumption. C. A report has rows and columns. D. A table provides better readability.