After-tax profits must be paid to stockholders as dividends

Indicate whether the statement is true or false.

FALSE

Business

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) Which of the following distributions from a qualified retirement plan would be exempt from the 10 percent penalty tax if the distribution occurred before the covered employee was age 59.5?

I. A distribution made to an employee with a qualifying disability. II. A distribution made to a beneficiary or to the employee estate's after the employee's death. A) I only B) II only C) both I and II D) neither I nor II

Business

It is relatively easy and inexpensive to convert existing businesses into LLCs

Indicate whether the statement is true or false.

Business