Multiple Choice
Which of the following is not an advantage of a limited liability company (LLC) ?
A) limited liability for all members of a LLC
B) ability to choose between taxation as a partnership or corporation
C) default tax treatment as a corporation,unless otherwise elected
D) All of the above are advantages of an LLC.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Fireball Corporation is an S corporation.Leyla owns
Q15: The corporate tax rate is<br>A)progressive.<br>B)regressive.<br>C)proportional.<br>D)none of the
Q16: Gifts between spouses are generally exempt from
Q17: For gift tax purposes,a $15,000 annual exclusion
Q18: Arthur pays tax of $5,000 on taxable
Q20: Gifts made during a taxpayer's lifetime may
Q21: All of the following are classified as
Q22: Kole earns $140,000 in 2019 in his
Q23: The IRS must pay interest on<br>A)all tax
Q24: Which of the following serves as the