_____ is a corporation that,after meeting certain eligibility criteria,can elect to be treated like a partnership for tax purposes,thus avoiding paying corporate income tax.

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An S corporation is a corporation that, after meeting certain eligibility criteria, can elect to be treated like a partnership for tax purposes, thus avoiding paying corporate income tax. This means that the income is passed through to the individual shareholders and taxed at their individual income tax rates.

_____ Is a Corporation That,after Meeting Certain Eligibility Criteria,can Elect