Author Question: Which of the following is true of a close corporation? A) Its profits cannot be reported by stock ... (Read 230 times)

jc611 · **on:** Jun 24, 2018

Which of the following is true of a close corporation?
A) Its profits cannot be reported by stock holders as income on their personal income tax returns.
B) It is also known as a closely held corporation.
C) It has a large number of stockholders.
D) Its profits are usually taxed twice.

Question 2

The Equal Pay Act's coverage is similar to that of the:
A) National Labor Relation Act.
B) Pregnancy Discrimination Act.
C) Fair Labor Standards Act.
D) Occupational Safety and Health Act.