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please answer D Question 1 20 pts Allison, Maria, Anastasia and Antonio have decided to form a business enterprise. Maria, Anastasia and Antonio each contribute

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D Question 1 20 pts Allison, Maria, Anastasia and Antonio have decided to form a business enterprise. Maria, Anastasia and Antonio each contribute $50,000 but don't want to be involved in day to day operations of the business, Allison, who is the only one who knows how to run a business will be in charge. She contributes $40.000. Which of the following form of businesses will not permit the Maria Tim Anastasia and Antonio to be mere passive investors in the business. 1 H Limited Partnership O General Partnership O Business Trust Q Corporation D Question 2 20 pts Sam and Dave form an LLC that is taxed just like a partnership or pass through entity. Sam and Dave each own 50% of the LLC. At the end of the year, the LLC has net income of $100,000. Sam and Dave decide to pay one half of the net income to themselves as an agreed distribution. The remaining amounts stay in the LLC bank account. As a result O Sam will have to pay Income and social security tax on $25.000 O The LLC will pay income and social security tax on $100,000 and Sam and Dave will have to pay a dividend tax of 20% on their distributions. O The LLC will pay tax on the $100.000 to the IRS as an entity level tax. Dave will have to pay income and social security tax on $50,000

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