All this MCQ are from Income Tax (Corporate tac) ...
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Accounting
All this MCQ are from Income Tax (Corporate tac)
Choose the correct answer. A. election to be taxed as a pass-through entity B. election to be treated as a non-resident corporation C. election NOT to be treated as a CCPC D. election to be taxed as a public corporation Choose thin cosrect answer A. no smail business deduction is available to companos that are part of an associaled group 8. a smal business deductian of up fo 5500,000 is available for each company of an associated group C. a small tusitess deduction of up $500,000 is avalabie in total for an associated group, and can be allocated in any fashion to the cornpanies within the group 0. a smal business deducton of up 5500,000 is availabie in total for an associated group, and must be allocated pro-rata to each company within the group
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