ACT3002 Ser Semester, 2018 EXAM 2 IIL. Limited Liahlity Company a. A except V and VI aprogressive rae structure b. ast rae of the highest marginal rate for individuuls .fae rate of the lowest marginal rate for individuah d.fha rate of the highest marginal rate for corporations a flat rate of the lewest marginal ae for corporations b."Tauable Rae. er neun ,,Ta Rate-1000% c Tax Free Rate of retum ,?? 7%-Tax Ratt-"Tiable rate" e.Taxable Rate-100%/ 27. The Intermal Revense Code requires that all Recapeured depreciation be reportod as tasxablie income b dring an installnest period d when inceme is recegnized. Tax Free rale 28. Accounting methods available for legal entics include a cash and accrual. b. construction peried intarest and sxes d coeract cash, accrual and hybrid he above, d. 29. Which of the fellowing are boncfits of using a Lined Liability Compny L. Limited Liability te all ownen IIL. Flowshroegh taxation V. Ability to evade taves Il. Management by all or selected owsers IV. Election to be taxed as an 5 Corporation VL Election to be tesed as a Partmenhi All . None of the abow 0 The omuluted deleatnd ia cour sing wicf The Barble Formula The STP Formala Bribing the judges The Bardahl Formla d. e. None of the abov. ACT3002 Ser Semester, 2018 EXAM 2 IIL. Limited Liahlity Company a. A except V and VI aprogressive rae structure b. ast rae of the highest marginal rate for individuuls .fae rate of the lowest marginal rate for individuah d.fha rate of the highest marginal rate for corporations a flat rate of the lewest marginal ae for corporations b."Tauable Rae. er neun ,,Ta Rate-1000% c Tax Free Rate of retum ,?? 7%-Tax Ratt-"Tiable rate" e.Taxable Rate-100%/ 27. The Intermal Revense Code requires that all Recapeured depreciation be reportod as tasxablie income b dring an installnest period d when inceme is recegnized. Tax Free rale 28. Accounting methods available for legal entics include a cash and accrual. b. construction peried intarest and sxes d coeract cash, accrual and hybrid he above, d. 29. Which of the fellowing are boncfits of using a Lined Liability Compny L. Limited Liability te all ownen IIL. Flowshroegh taxation V. Ability to evade taves Il. Management by all or selected owsers IV. Election to be taxed as an 5 Corporation VL Election to be tesed as a Partmenhi All . None of the abow 0 The omuluted deleatnd ia cour sing wicf The Barble Formula The STP Formala Bribing the judges The Bardahl Formla d. e. None of the abov