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 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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