Which tax classifications can potentially apply to LLCs?
A. S corporation.
B. Partnership and sole proprietorship.
C. C corporation.
D. Partnership.
E. All of these choices are correct.
Answer: E
You might also like to view...
We should not go off on tangents or purposefully switch subjects when the other party still wants to discuss our initial topic. This is the main idea behind which of these maxims?
A. quantity B. relevancy C. manner D. quality
When evaluating which approach a group should use to make a decision, it is important to remember that:
a. speed is usually the most important criterion. b. individuals usually make higher quality decisions than groups. c. quality is the most important criterion. d. time is not an important consideration.
A(n) ________ is a warranty created when a seller or lessor makes an affirmation that the goods he or she is selling or leasing meet certain standards of quality, description, performance, or condition.
A. implied warranty B. limited warranty C. express warranty D. primary warranty
Lower-rated bonds offer higher returns than higher-grade bonds because their:
A. coupon interest rates steadily increase throughout their lives. B. risks are higher. C. maturity values are higher than their market values. D. returns are attractive to risk-averse investors. E. returns are tax free.