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NEW QUESTION: 1
In which type of business organization are income taxes always required to be paid by the entity on profits
earned as well as by the owners upon distribution thereof?
A. Limited liability company.
B. Subchapter C corporation.
C. Subchapter S corporation.
D. General partnership.
Answer: B
Explanation:
Choice "c" is correct. A Subchapter C corporation is taxed as an entity for income tax purposes.
Additionally, distributions made to stockholders are treated as taxable income to the stockholders.
[Note that this type of corporation is more often called a C corporation instead of a Subchapter C
corporation.]
Choice "a" is incorrect. A general partnership is not taxed as a separate entity for income tax purposes.
Choice "b" is incorrect. An LLC is not taxed as a separate entity for income tax purposes unless the LLC
specifically elects to be taxed like a corporation. [Of course, the word "always" in the question takes care
of that.]
Choice "d" is incorrect. A Subchapter S corporation is taxed as a partnership. Thus, it is not taxed as a
separate entity for income tax purposes. [Note that this type of corporation is more often called an S
corporation instead of a Subchapter S corporation.]

NEW QUESTION: 2
For customers, what is an advantage of utilizing Ethernet storage solutions?
A. Ethernet is tar faster and more reliable than Fibre Channel solutions.
B. The Ethernet storage solution can mix HDDs and SSDs. which is not allowed with Fibre Channel
solutions.
C. The customer's IT personnel will not have to acquire specialized skills to deploy the storage network.
D. Ethernet is a made-for-storage technology that is exclusively used in storage solutions.
Answer: C


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