Which of the following is correct in respect to a base rate entity? 

Question 20 

Select one: 

A. No more than 80% of its assessable income for the year of income is base rate entity passive income and a tax rate of 25% applies 

B. More than 80% of its assessable income for the year of income must be base rate entity passive income and a tax rate of 30% applies 

C. No more than 80% of its assessable income for the year of income is base rate entity passive income and a tax rate of 30% applies 

D. More than 80% of its assessable income for the year of income must be base rate entity passive income and a tax rate of 25% applies