1 Question text Corporate capital losses can only be claimed against capital gains in the year of the loss plus the previous three years and five future years. Select one: True False Question 2 Question text Which of the following information is necessary to determine a corporation's charitable contribution Select one: taxable income before the charitable contributions any claimed dividend received deduction the domestic production deduction all of the above Question 3 Question text A corporation can elect to forego the three year capital loss carryback and only carry the loss forward for five years. Select one: True False Question 4 Question text Dividend income earned by a large taxable income corporation is effectively taxed a rate lower than the individual 15% dividend tax rate. Select one: True False Question 5 Question text A net long term capital gain of a corporation is subject to a maximum tax rate of 15%. Select one: True False Question 6 Question text A personal holding company is a regular corporation which is BOTH closely held and derives a substantial portion of corporate income from passive sources. Select one: True False