Which type of corporation is favored by big business, is apt to have a great many shareholders, and has its profits taxed twice?
A) a general partnership
B) a C corporation
C) an S corporation
D) an LLC
E) a B corporation
Answer: B
Explanation: B) A C corporation can have any number of owners (shareholders) and faces two levels of taxation. It is a state-chartered entity that pays taxes and is legally distinct from its owners.
Business
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What is the future value of $500 invested at 8.94% compounded quarterly for 12.5 years (rounded
to nearest $1)? A) $46,739 B) $1,510 C) $670 D) $1,617
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Which of the following statements accurately describes fingerprint recognition?
A) Fingerprint recognition scanners are very expensive. B) Fingerprint recognition is easily deceived. C) Fingerprint recognition is rarely used. D) All of the above
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