Which of the following are requirements to be an S corporation? a. Limited to a maximum of
Question:
Which of the following are requirements to be an S corporation?
a. Limited to a maximum of 100 shareholders.
b. Has no resident alien shareholders.
c. Has only one class of stock.
d. May have no straight debt.
e. Cannot have any earnings and profits (E & P).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (10 reviews)
To be an S corporation a company must meet the following requirements L...View the full answer
Answered By
Mark Odhiambo Odero
As a Bachelor of Education graduate from KIbabii University and an assistant lecturer at JKUAT, I have gained extensive experience and developed professional qualities that make me a great candidate for an academic writer at SolutionInn.
Firstly, I have a strong passion for education and tutoring. This passion has motivated me to pursue a career in education and has helped me to become an effective educator. I believe that education is the key to unlocking the potential of individuals, and I am committed to helping students achieve their full potential. My passion for education has also helped me to stay up-to-date with the latest developments in education and teaching methodologies.
Secondly, I possess excellent communication skills. Communication is an essential aspect of education, and as an assistant lecturer, I have developed effective communication skills that have helped me to interact with students, colleagues, and senior lecturers effectively. I am able to communicate complex ideas in a simple and understandable way, and this has helped me to build strong relationships with my students.
Thirdly, I have strong organizational skills. As an assistant lecturer, I am responsible for preparing course materials, grading assignments, and keeping track of student progress. These responsibilities require a high level of organization and attention to detail, and I have developed effective organizational skills that enable me to manage these tasks effectively. These skills will be useful in my role as an academic writer at SolutionInn, where I will be required to manage multiple projects and meet tight deadlines.
Fourthly, I am a self-motivated and proactive individual. I take the initiative to identify problems and find solutions to them, and I am always willing to go the extra mile to ensure that I deliver high-quality work. I am also a fast learner and can adapt to new situations quickly, which is essential in the fast-paced world of academic writing.
Lastly, I possess excellent research skills. As an academic writer, research is an essential aspect of my job, and I have developed effective research skills that enable me to find relevant and reliable information quickly. I am also proficient in using various research tools and software, which will be useful in my role as an academic writer.
In conclusion, my professional qualities make me a suitable candidate for an academic writer at SolutionInn. I am passionate about education, possess excellent communication and organizational skills, am self-motivated and proactive, and have excellent research skills. I believe that these qualities will enable me to deliver high-quality work and help students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
Question Posted:
Students also viewed these Business questions
-
Which of the following are requirements to be an S corporation? a. Limited to an absolute maximum of 100 shareholders. b. Has no resident alien shareholders. c. Has only one class of stock. d. May...
-
Which of the following are requirements to be an S corporation? a. Limited to an absolute maximum of 100 shareholders. b. Has no resident alien shareholders. c. Has only one class of stock. d. May...
-
Which of the following are requirements to be an S corporation? a. Limited to an absolute maximum of 100 shareholders. b. Has no resident alien shareholders. c. Has only one class of stock. d. May...
-
Use the Chain Rule to calculate the partial derivatives. Express the answer in terms of the independent variables. dh t -; h(x, y) = X x = tt, y = tt " y
-
Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3 Purchased used car for $3,000 cash for use in...
-
Suppose a U.S. investor wishes to invest in a British firm currently selling for £40 per share. The investor has $10,000 to invest, and the current exchange rate is $2/£. a. How many...
-
Each term in the equation of motion of a linear system involves displacement, velocity, and acceleration of the a. first degree b. second degree c. zero degree
-
Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob ODonnell, a local merchant, to contribute the capital to form a partnership....
-
You are thinking about buying BNS (Bank of Nova Scotia) stock. Their stock is currently trading for $81/share and pays and annual dividend of $4.12. You want to earn at least 8% on this investment in...
-
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations....
-
Which of these taxes applies to an S corporation? a. Alternative minimum tax. b. Accumulated earnings tax. c. Personal holding company tax. d. Michigan state corporate income tax.
-
The three shareholders of an S corporation have binding compensation contracts with the corporation, with one of the shareholders having excessive payments (resulting in a constructive dividend)....
-
Why should financial statements of companies be drafted to comply with minimum disclosure requirements and how are these requirements defined?
-
Make an analysis for the target group (young musicians in the Netherlands) What does the target group look like and what is development in their behavior?
-
A taxpayer owns and rents some acres of agricultural land as follows during 2021: marks) Characteristics Acres Owns 15 acres 10 Rents Owns Rents Owns Owns acres 12 acres 8 acres 4 acres Crops...
-
In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $25,500 and Job 11 $38,000. On March 31, Job 10 is sold to the customer for $38,000 in cash. Journalize the entries for the completion...
-
Based on what is related to the levels/units of analysis of Organizational Behavior, what do you feel it is important to understand these perspectives? Individual, Group, or Organization Level?
-
Part A: Seasonal changes in freeze tolerance and cryoprotectants The wood frog, Rana sylvatica, is a largely terrestrial frog species that is found from the Southern Appalachians to the Arctic...
-
Mr. & Mrs. Chen paid tuition of $1,400 and required fees of $650 for their 25-year-old daughter who is attending State University, living on her own, and working 30 hours per week as a restaurant...
-
CLASS PERIO Solving Linear Equations: Variable on Both Sides Solve each equation. 1) 6r+ 7 = 13 + 7r 3) -7x-3x+2=-8x-8 5)-14 +66+7-26=1+5b 7) n-3n = 14-4n 2) 13-4x=1-x 4)-8-x= x - 4x 6)n+2=-14-n 8)...
-
Clear, Inc., is a bottled water distributor. Clear's delivery trucks frequently are required to park in no-parking zones to make their deliveries. If the trucks are occasionally ticketed, can Clear...
-
Clear, Inc., is a bottled water distributor. Clear's delivery trucks frequently are required to park in no-parking zones to make their deliveries. If the trucks are occasionally ticketed, can Clear...
-
One of the tax advantages of hiring family members to work in your business is that FICA taxes are avoided. Do you agree with this statement? Explain.
-
The video link below will give an overview: https://www.youtube.com/watch?v=gTEMMiQXXVg NASA has made news in recent years due to its development of the controversial EmDrive, an "impossible" engine...
-
An object is thrown upward with an initial velocity of 20m/s from the edge of a cliff of unknown height this object lands on the base after 8.3s 1 Determine height of the cliff 2 position of the...
-
2. Free-Evaporation measurements The standard US Class A evaporation pan has an inside diameter of 47.5 inches and a depth of 10 inches. a. Calculate the surface area of water in the pan in square...
Study smarter with the SolutionInn App