Question 1

With respect to taxes, the sole proprietorship

Accepted Answer

A)  pays taxes on the profits of the business at the same rate that corporations pay taxes. 
B)  pays taxes on the profits of the business, at the owner's personal tax rate. 
C)  pays taxes only if there are no expenses associated with the business. 
D)  is permitted to determine its own tax rate and schedule of payments. 
A)  pays taxes on the profits of the business at the same rate that corporations pay taxes. 
B)  pays taxes on the profits of the business, at the owner's personal tax rate. 
C)  pays taxes only if there are no expenses associated with the business. 
D)  is permitted to determine its own tax rate and schedule of payments.

Question 2

Jose lives in Mexico City and is a Mexican citizen. He has several friends who are American citizens and own shares in an S corporation. Jose would like to invest in this company. Which statement is most accurate?

Accepted Answer

A)  Jose can invest in this company, but must pay both U.S. and Mexican taxes. 
B)  Jose cannot become a shareholder since he is not a citizen or permanent resident of the U.S. 
C)  Jose can become a shareholder but cannot become a manager, and his income must be paid in pesos. 
D)  Jose needs approval from the Mexican government before he can invest. 
A)  Jose can invest in this company, but must pay both U.S. and Mexican taxes. 
B)  Jose cannot become a shareholder since he is not a citizen or permanent resident of the U.S. 
C)  Jose can become a shareholder but cannot become a manager, and his income must be paid in pesos. 
D)  Jose needs approval from the Mexican government before he can invest.

With respect to taxes, the sole proprietorship

Jose lives in Mexico City and is a Mexican citizen. He has several friends who are American citizens and own shares in an S corporation. Jose would like to invest in this company. Which statement is most accurate?

Taking Risks and Making Profits Within the Dynamic Business Environment

Understanding Economics and How It Affects Business

Doing Business in Global Markets

Demanding Ethical and Socially Responsible Behavior

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money, Financial Institutions, and the Federal Reserve

Appendix: Working Within the Legal Environment

Appendix: Using Technology to Manage Information

Appendix: Managing Risk

Appendix: Managing Personal Finances

Filters

Exam 5: How to Form a Business

With respect to taxes, the sole proprietorship

Jose lives in Mexico City and is a Mexican citizen. He has several friends who are American citizens and own shares in an S corporation. Jose would like to invest in this company. Which statement is most accurate?

Taking Risks and Making Profits Within the Dynamic Business Environment

Understanding Economics and How It Affects Business

Doing Business in Global Markets

Demanding Ethical and Socially Responsible Behavior

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money, Financial Institutions, and the Federal Reserve

Appendix: Working Within the Legal Environment

Appendix: Using Technology to Manage Information

Appendix: Managing Risk

Appendix: Managing Personal Finances

Filters