3. Which of the following is not true of personal service corporations (PSCs):

a. PSCs are corporations with shareholder-employees who provide services in fields such as medicine, law, and accounting.

b. PSCs are generally required to have calender tax years which put them on the same tax year as their individual owners.

c. One of the exceptions to the requirement that a PSC have a calendar year-end occurs when the business of the corporation has an actual business purpose for having a different year-end.

d. PSCs may adopt a tax year that is not a calendar year so long as they pay the same salary to their owner(s) every year.