Rover Corporation is a regular corporation that has not elected S corporation status. In 1994,
Rover earns $100,000; in 1995, Rover distributes $50,000 to its shareholders.
Which of the
following best describes the tax consequences to Rover and its shareholders?
A) Rover is taxed on $100,000 in 1994; the shareholders are not subject to tax
B) The shareholders are taxed on $100,000 in 1994; Rover is not subject to tax
C) Rover is taxed on $100,000 in 1994; the shareholders are taxed on $50,000 in 1994
D) Rover is taxed on $100,000 in 1994; the shareholders are taxed on $50,000 in 1995
E) Neither Rover nor its shareholders are subject to tax.
D
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Regarding the delivery and signing of documents relevant to a transaction, which of the following may an unlicensed assistant not legally do:
a. Mail, deliver, or pick up documents related to the transaction. b. Obtain signatures to the documents from principles, parties, or service providers in connection with transaction. c. Discuss the relevance of the document with a party to the transaction. d. Arrange for the mailing, delivery, or pick up of documents related to the transaction.
Chi-square analysis can determine if there is a significant relationship between two categorical variables
Indicate whether the statement is true or false