Which of the following statements regarding capital gains and losses is false? A. Jake, the sole shareholder of Peach Corporation, a C corporation, has the corporation pay him $100,000. For income tax purposes, Jake would prefer to have the payment treated as dividend instead of salary. B. Like individuals, corporations can deduct $3,000 of net capital losses against ordinary income in a given year. C. C Corporation can carry back net capital loss three years and they can carry them forward for five years. D. Corporations must apply capital loss carrybacks and carryovers in a particular order.

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?