The Pass-Through Model used for S corporations and partnerships is an application of the
A)Pension Model.
B)Current Model.
C)Deferred Model.
D)Exempt Model.

Question

Quizplus · Accepted Answer

The Pass-Through Model used for S corporations and partnerships is an application of the Current Model. In the Current Model, the income and losses of the business are passed through to the individual owners and reported on their personal tax returns.

The Pass-Through Model Used for S Corporations and Partnerships Is