Multiple Choice
Which of the following statements is true regarding Subchapter S firms?
A) These firms are liable to pay federal income taxes.
B) These firms cannot have more than 100 shareholders.
C) These firms need to pass-through at least half of their earnings to their shareholders.
D) Income from these firms is tax-exempt for its shareholders.
E) All of the options are true for Subchapter S firms.
Correct Answer:
Verified
Correct Answer:
Verified
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