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Posted on Jul 11, 2024

Faisal Inc. owns 9 5 % of the stock of Salem Inc. and 3 5 % of the stock of Fatima Inc. The remaining stock

Faisal Inc. owns

95 %

of the stock of Salem Inc. and

35 %

of the stock of Fatima Inc. The remaining stock of Faisal is owned by unrelated individuals while the remaining stock of Fatima is owned by Salem. Which of the following statements is correct?

Faisal, Salem, and Fatima are a tax group.

Faisal and Fatima only are an affiliated group.

Faisal and Salem only are an affiliated group.

There is no affiliated group here.

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