Which of the following is a characteristic of a professional corporation?
A) It is organized as a public corporation but taxed as a partnership.
B) Its owners cannot take the tax advantages of deductions for health.
C) Its owners are considered limited partners rather than general partners.
D) Its owners do not enjoy limited liability for their negligence.
D
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Why is it difficult for policymakers to set policy based on the value of the unemployment rate relative to the natural rate of unemployment?
What will be an ideal response?
Ratios that focus on cash are more useful than those that focus on income in the evaluation of the liquidity of a company
a. True b. False Indicate whether the statement is true or false
Section 1983 actions arise from:
a. the Civil Rights Act of 1864 b. the Civil Rights Act of 1871 c. the Civil Rights Act of 1964 d. the Civil Rights Act of 1991
If a business is formed as an S corporation, its income may be subject to double taxation.
Answer the following statement true (T) or false (F)