18., All of the following are characteristics of operating as a corporation except

	a.	Offers owners limited liability.
	b.	Earnings are able to pass though to owners without double taxation.
	c.	Can be expensive or complex to form.
	d.	Is subject to more government regulations.
	e.	Ownership can be transferred easily.

17. A stock is bought for $23.00 and sold for $27.00 one year later, immediately after it has paid a dividend of $1.50. What is the capital gain rate for this transaction? (Careful!!!)

	a.	3.48%
	b.	8.70%
	c.	13.91%
	d.	17.39%