What are the tax deductible fringe benefits available to owners who work in an S-Corp
What will be an ideal response?
Ans: General partners and other employees may set up IRA or Keogh plans; may deduct a portion of medical insurance premiums but employee-shareholders owing 2% or more of stock are restricted from corp fringe benefits under partnership rules.
Business
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Separate store organizations can be distinguished by _____
a. having merchandise managers placed directly in branch stores b. merchandise standardization c. the main store domination of branch store decision making d. the ease of maintenance of store image across all stores
Business
Stocks held in street name can be quickly sold online or by telephone
Indicate whether the statement is true or false.
Business