Which provision could best be justified as encouraging small business?
A) S corporation election.
B) Percentage depletion.
C) Domestic production activities deduction.
D) Interest deduction on home mortgage.
E) None of the above.

Question

Quizplus · Accepted Answer

The S corporation election allows small businesses to be taxed similarly to a partnership or sole proprietorship, rather than being subject to the same tax rules as traditional corporations. This can result in significant tax savings and encourage the formation and growth of small businesses.

Which Provision Could Best Be Justified as Encouraging Small Business