Which is not a tax deferral program? Select one: O a. Tax-free savings account O b. Bonus deferral O c. Registered retirement savings plan O d. Capital gains Payments into deferred profit-sharing plans Select one: O a are taxable to the employee only when received b. can include dividends declared but not yet paid. c. represent an alternative to vacation pay. d. are not deductible to the company The federal tax rate for incorporated businesses is Select one: O a. 16% on the first $50,000 of profit. b. always the same as an individual's personal tax rate. C. about 11%. O d. a deterrent to new ventures. For tax purposes a business's income refers to Select one: O a, the owners' salaries. O b. the business's total cash receipts. c. profits the business makes Od total sales by the business Before using someone as an adviser, an entrepreneur Select one a should ensure that the person is independently well-off O b. should develop a social relationship with them c. should assess or interview the person Od should get feedback from their own employees about the business having an adviser When a business has no tax liability, this means that it is Select one O a not filing income taxes regularly. b. making large profits e losing money d. claiming more deductions than it should