Ch 13 and 12 HW .docx - CHAPTER 13 12 HW CHAPTER 13 Questions:1-21 Problems:37 39 42 43 45 47 50#1 What are the principal legal forms for conducting a

Ch 13 and 12 HW .docx - CHAPTER 13 12 HW CHAPTER 13...

This preview shows page 1 - 3 out of 21 pages.

. CHAPTER 13 & 12 HW CHAPTER 13 Questions: 1-21 Problems: 37, 39, 42, 43, 45, 47, 50 #1. What are the principal legal forms for conducting a business entity? What are the principal Federal income tax forms for doing so? #2. Compare C and S corporations as to the taxation of the entity and its owners? #3. What are the advantages of a limited liability company compared to an S corporation? #4. The maximum corporate tax rate of 35% is the same as the maximum rate applicable to individuals (except for certain high-income taxpayers). Consequently, forany additional taxable income, the corporate tax liability will be the same as the individual tax liability. Do you agree? Why or why not?
Image of page 1
is different for an individual and for a corporation. The corporate AMT rate is lower, at 20 percent, than the individual AMT rates, which are 26 and 28 percent.
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 21 pages?

  • Spring '15
  • Corporation, Taxation in the United States, Limited Liability Company, S corporation

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture