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.