62. Advantages of an S corporation include: a. limited liability b. single level of taxation. c. not subject to the personal holding company tax. d. All of these. e. None of these a. 63. Which of the following is not a requirement of a "small business corporation?" It must be a domestic corporation. b. It can never have more than 100 shareholders. It must use the reserve method of accounting. d. It can only have one class of stock. 64. All of the following are permitted shareholders of an Scorporation except c. a. estates. b. eligible trusts. C. nonresident aliens. d. certain tax-exempt organizations