The Pass-Through Model used for S corporations and partnerships is an application of the

A) Pension Model.
B) Current Model.
C) Deferred Model.
D) Exempt Model.


B) Current Model.

The Pass-Through model is an application of the Current Model, where taxation occurs only at the owner level, and the owner pays tax in the year the entity income is earned, not when it is later distributed.

Business

You might also like to view...

In terms of money spent on developing an advertising campaign, a company should spend at least what percent of the money on buying media time or space?

A) 25 B) 40 C) 50 D) 75

Business

The Middle East does not have a single societal type with a typical belief, behavior, and tradition

Each capital and major city in the Middle East has a variety of social groups that can be differentiated on the basis of religion, social class, education, and degree of wealth. Indicate whether the statement is true or false

Business

Can import duties have unintended side effects? Describe one example.

What will be an ideal response?

Business

As most audience members are not good listeners, if you are giving a presentation and you want your audience to remember your message, you must

a. always speak with a microphone or at a podium. b. use visual aids for each point. c. repeat yourself. d. include the audience as participants.

Business