Under the check-the-box Regulations, a two-owner LLC that fails to elect to be to treated as a corporation will be taxed as a sole proprietorship.
Answer the following statement true (T) or false (F)
False
Rationale: Partnership is the default classification for a two-owner LLC that does not elect to be treated as a corporation under the check-the-box Regulations.
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What is one requirement for all arbitrators and mediators?
a. Experience as a former judge b. Admission to practice law c. Neutrality d. Graduation from an ABA approved law school
Assume that the current corporate bond yield curve is upward sloping. Under this condition, then we could be sure that
A. Inflation is expected to decline in the future. B. The economy is not in a recession. C. Long-term bonds are a better buy than short-term bonds. D. Maturity risk premiums could help to explain the yield curve's upward slope. E. Long-term interest rates are more volatile than short-term rates.
Homeowners' insurance only covers owners of homes. It does not cover renters
Indicate whether the statement is true or false
Which of the following can be best categorized as an employee with problems?
A. An employee who always starts fights B. An employee whose home life issues are a distraction from work C. An employee who leaves early D. An employee who gossips a lot about his or her colleagues