Adv Tax 2/3 Business Entities

Adv Tax 2/3 Business Entities

University

10 Qs

quiz-placeholder

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Adv Tax 2/3 Business Entities

Adv Tax 2/3 Business Entities

Assessment

Quiz

Business

University

Medium

Created by

Jenny McGarry

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

No restriction on the number of shareholders.

Corporation

S Corporation

Partnership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At least two partners.

Corporation

S Corporation

Partnership

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

No more than 100 shareholders.

Corporation

S Corporation

Partnership

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Owner distributions are generally tax-free.

Corporation

S Corporation

Partnership

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A disadvantage is double taxation.

Corporation

S Corporation

Partnership

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Allocation of income or loss items is pro-rata.

Corporation

S Corporation

Partnership

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Flexibility is an advantage over the other entity types.

Corporation

S Corporation

Partnership

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