Tài chính doanh nghiệpCâu 1215 / 1605
A contractor's business is organized as an S corporation. A key financial feature of an S corp is that:
a.Profits and losses generally pass through to the owners' personal returns, avoiding corporate-level income tax
b.It is exempt from all California taxes
c.Business profits are taxed twice at the corporate and personal level
d.It pays the $800 minimum tax only in profitable years and never otherwise
Giải thích
An S corporation is a pass-through entity: business income and losses flow to the shareholders' personal returns, avoiding the double taxation of a C corporation. (In California an S corp still pays a 1.5% state tax and the $800 minimum franchise tax.)
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contractor completes a $180,000 contract billed with 10% retention. Two-thirds of the way through he has billed $120,000. How much retention is being held at that point?
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- A contractor's bid includes $30,000 labor, $25,000 materials, $15,000 subs, and a 20% markup on the total direct cost. What is the bid price?
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)