_____ 14.Active participation requires a higher level of activity than material participation.
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Q9: _ 9.Once established at entry,a partner's basis
Q10: _ 17.An S corporation shareholder can only
Q11: _ 7.A limited liability company that has
Q12: _ 6.Limited liability companies are generally taxed
Q13: _ 19.S corporations never pay any income
Q15: _ 18.The AAA of the S corporation
Q16: _ 2.A limited partnership must have a
Q17: _ 16.Only 50 percent or more of
Q18: _ 20.There are special rules for an
Q19: _ 5.Partners pay taxes on their share
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