on the company’s income are paid on the personal tax forms of the company’s owners. 2. What is an advantage of a sole proprietorship? (0.5 points) Easy to set up‚ tax benefits‚ profits belong to owner 3. What is an S corporation? (0.5 points) An S corporation‚ also called a subchapter S corporation‚ is a corporation with special tax status. There are restrictions on the types of companies that can get this status. 4. What is franchising? (0.5 points) Franchising is a way of turning a company into
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under Subchapter S? In order to qualify under subchapter S‚ a corporation must be a small business corporation‚ and additionally‚ must be a domestic corporation with less than 100 shareholders‚ must include only eligible shareholders‚ must have only one class of stock‚ and must not be an ineligible corporation. 21-13 - What limits are placed on the selection of a tax year of an S corporation? How do these limits differ from those applicable to C corporations and partnerships? An S Corp is required
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Federal Taxation 2/10/2013 Questions: 21-2‚ 21-13‚ & 21-26 Problems: 21-53 & 21-63 Homework Week Six 21-2. What are the eligibility requirements that a corporation must meet in order to qualify under Subchapter S? Answer: In order to qualify under Subchapter S‚ a corporation must be a small business corporation. The following additional requirements must be met in order to be a small business corporation: 1. Must be a domestic corporation 2. Must have no more than 100 shareholders
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References: Ang‚ J. S.; R. A. Cole; and J. W. Lin. “Agency Costs and Ownership Structure.” Journal of Finance‚ 55 (2000)‚ 81–106. Angrist‚ J. D.‚ and A. B. Krueger. “Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments.” Journal
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tax year for which it files a separate tax return or files a consolidated tax return with another affiliated group. 7) P and S are members of an affiliated group that has filed consolidated tax returns for a number of years. The sale of inventory by P that was acquired from S in an intercompany transaction outside the affiliated group triggers the recognition of gain by S. 8) Intercompany dividends and undistributed subsidiary earnings do not create temporary differences for affiliated companies
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longitudinal in nature. Secondary waves (S-waves) are shear waves that are transverse in nature. The biggest difference between P and S waves is their velocity. P-waves travel more quickly than S-waves. P-waves can travel through solids‚ liquids and gasses. S-waves can only travel through solids. The method used to determine the distance from a location to the origin of a seismic wave less than 200 km away is to take the difference in arrival time of the P wave and the S wave in seconds and multiply by 8
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submission: 1/1. 2 Marks: 1 Record your answer from Lab Exercise #1‚ Step 1‚ Question 2. What time in hours:minutes:seconds GMT did the S waves arrive? Choose one answer. a. 01:51:30 b. 01:52:00 c. 01:53:10 d. 01:54:20 Correct Marks for this submission: 1/1. 3 Record your answer from Lab Exercise #1‚ Step 1‚ Question 3. What is the time lag (S-P) in hours:minutes:seconds? http://moodle.coastlinelive.com/mod/quiz/review.php?attempt=106847 9/15/2013 GLF13.10: Multiple Choice
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Corporation is the typical kind of corporation; it shields the liability of its proprietors‚ but obtains double taxation. 2. What is an S corporation‚ and how is it different from a C corporation? (0.5 points) S Corporation is a corporation that attains specific tax status and not all companies can attain this status. This tax status is the largest difference between S Corporations and C Corporations. 3. What is a nonprofit corporation‚ and how
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Common Tax Loopholes Salary/Dividend Manipulation Performance-based pay is not subject to §162(m) $1 million limit Corporations will pay a higher salary for performance rather than distributing dividends Avoidance of payroll tax burden S Corporations will lower their salary to lower taxes Accepting fringe benefits instead of salary Court Cases Reasonable Compensation Menard‚ Inc. v. Commissioner John Menard‚ founder and CEO of Menard‚ Inc. Salary was $157‚500 with bonus
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Effects on Same Sex School Does anyone think about what is same sex school? Why any students want to go there? Both single sex school and co-ed school have advantages and disadvantages. If we were parents‚ we would think that which school is better to let children go. Some of them do not care about the issue‚ but it may happen some problems to their children. In other word‚ if parents think about it carefully‚ their children will be successful. Going to same sex schools have had several positive
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