Question: An S corporation Multiple Choice has more than a single class of stock. owns more than 80 percent of the stock of a subsidiary corporation.

An S corporation Multiple Choice has more than a

An S corporation Multiple Choice has more than a single class of stock. owns more than 80 percent of the stock of a subsidiary corporation. is subject to tax at the entity level, not at the individual shareholder level. has the ability to distribute earnings without incurring double level taxation

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