Empire Corporation has operated as a C corporation for its first three years of existence because one of its shareholders disqualified it from electing S corporation status. That shareholder is now gone, and the remaining shareholders have elected S corporation status effective for the current year. Empire Corporation has one highly appreciated asset that it hopes to sell in the near future. How
many years must elapse before the sale in order to avoid the built-in gains tax?
A) 3 years
B) 5 years
C) 7 years
D) 10 years
B) 5 years
The built-in gain tax recognition period is five years.
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Social Security provides both total disability benefits and partial disability benefits
Indicate whether the statement is true or false.
A study of medical residents and interns found that they often experienced a mismatch between what they did and who they were. This is an example of:
a. alienation b. work-identity integrity violations c. pay dissatisfaction d. identity mismatch
If the technology is flexible
A) it becomes more difficult to consolidate manufacturing in a few large facilities. B) it becomes more difficult to distribute manufacturing in many local facilities. C) it becomes easier to consolidate manufacturing in a few large facilities. D) it becomes easier to consolidate manufacturing in many local facilities.
The Electronic Communications Privacy Act of 1986 (ECPA):
a. supplements the Omnibus Federal Employee Workplace Privacy Rights Law of 2008. b. has been an effective law because employee privacy intrusions are less common and steadily declining since 2000. c. restricts employer access to public chatroom interactions. d. fails to protect employees in most situations involving e-mail monitoring by public and private employers.