The purpose of bail is to keep someone in jail until trial

A partnership, S corporation, or personal service corporation can elect to use a tax year other than its required tax year if it

A. Is not a member of a tiered structure as defined by the regulations. B. All of the answers are correct. C. Has not previously had an election in effect to use a tax year other than its required tax year. D. Elects a year that meets the deferral period requirement.

You have just obtained a personal loan for a new home movie system under the simple interest method. You have borrowed $12,000 for 9 months at an annual rate of 10%. Your marginal tax rate is 28%

What are the total interest charges you would pay if the loan is paid off on time? A) $1,200 B) $1,080 C) $900 D) $648 E) None of the above