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O Making an election on the Schedule D to defer the tax O Making a distribution of its earnings and profits balance Question 33 2.5

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O Making an election on the Schedule D to defer the tax O Making a distribution of its earnings and profits balance Question 33 2.5 pts CXIII) When a corporation loses its S election, it cannot re-elect California S status: O Without FTB permission O There is no restriction limiting the re-election date O Until the corporation qualifies as a Federal S corporation again O Ever again Until the second following tax year Question 34 2.5 pts (XIL.A.2-1) Rodney earns a salary of $5,000 per month. On August 1, he is transferred from California to Montana for a new, permanent job assignment. How much of Rodney's salary is taxable for California purposes

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