Although a partnership pays no income tax, the Internal Revenue Service requires partnerships to file an annual information return that states the amount of distributions made to each partner.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which of the following is NOT one of the three distinct stages of gift-giving rituals?
A) Convention B) Gestation C) Presentation D) Reformulation
Why do both the buyer and the seller in a solo exchange pursue their own self-interests?
A. Because less hassle means more value to the buyer B. Because the buyer is confident that, over the long run, he or she will get a fair share of the profit C. Because both the buyer and the seller have a high level of dependence on each other D. Because both believe the other party would not take advantage of them if given the opportunity E. Because the parties in the transaction do not plan on doing business together again
An assignable contract right was not a good solution in transacting rights in business because merchants had little interest in buying into a possible lawsuit
Indicate whether the statement is true or false
A large manufacturing company has found that younger employees tend to have fewer medical problems than workers over 40. Therefore, management decided to hire only workers under 40 to reduce company health insurance costs. This is illegal under the
A. Civil Rights Act of 1964. B. Occupational Safety and Health Act. C. Age Discrimination in Employment Act. D. Equal Pay Act. E. Older Workers Equal Employment Opportunity Act.