Question $27$ of $85$

$(3)$

Eif

$7-$

Durition $10.124124?$

The personal holding compary $($PHC$)$ tax applies if a regular corporation meets which of the following tests?

An oumership test

II$.$ A passive income test

A$)$ il anly

e$)$ Both I and II

C$)$ Nether I nor II

D$)$ I only