A joint stock company is treated as a partnership because its members own shares that are nontransferable

By terminating an employee to prevent him or her from receiving benefits under its retirement plan, an employer is:

A. liable for age discrimination. B. not liable because employers are not required to establish pension plans. C. not liable if the employee is at-will. D. liable for discrimination under ERISA.

An income statement shows "income before income taxes and extraordinary items" in the amount of $2,055,000. The income taxes payable for the year are $1,080,000, including $360,000 that is applicable to an extraordinary gain. Thus, the "income before extraordinary items" is

a. $1,335,000. b. $615,000. c. $1,395,000. d. $675,000.