Quiz 1 - Available A339/539 Quiz 01a 30 minutes Income and Tax of a Corporation 1(T/F A corporation pays rate of tax on long term capital gains

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Available: A339/539 Quiz 01a 30 minutes - Income and Tax of a Corporation  1.(T/F)  A corporation pays rate of tax on long term capital gains different from its  tax rate on oridnary income.     True        False           2.(T/F)  A personal service corporation pays a flat rate of 35% on all of its taxable  income.     True        False           3.(T/F)  Although recognized as partnerships under state law, certain partnerships  are treated and taxed as corporations for Federal income tax purposes.     True        False           4.(T/F)  All bad debts of a corporation are treated as business rather than  nonbusiness bad debts.     True        False           5.(T/F)  In computing a corporation’s limitation on the dividends-received deduction,  its taxable income is determined without the deductions for dividends received,  net operating loss carryovers, and capital loss carrybacks.    
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This note was uploaded on 06/23/2009 for the course BUPA 539 taught by Professor Jamison during the Spring '09 term at IUPUI.

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Quiz 1 - Available A339/539 Quiz 01a 30 minutes Income and Tax of a Corporation 1(T/F A corporation pays rate of tax on long term capital gains

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