Question
Which of the following is not an organizational cost? Question 1 options: State costs of incorporation Costs of organizational meetings Expenses of temporary directors Legal
Which of the following is not an organizational cost?
Question 1 options:
State costs of incorporation | |
Costs of organizational meetings | |
Expenses of temporary directors | |
Legal expenses for setting up the corporation | |
Costs of issuing or selling stock |
Question 2 (4 points)
The tax rate on a professional service corporation's taxable income of $40,000 is 15%.
Question 2 options:
True | |
False |
Question 3 (4 points)
A corporation must make estimated tax payments when it expects its estimated income tax minus credits equal or exceed:
Question 3 options:
$250. | |
$500. | |
$750. | |
$1,000. | |
none of the above. |
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